At least 2 other interested parties, Rouse was selected to be...

At least 2 other interested parties, Rouse was selected to be allowed access to the books.
So the other 2 could come back with better offers, or they may not
, or the whole thing could fall through.

QANTM Intellectual Property, an ASX-listed provider of specialist legal services in five countries, has found itself in the crosshairs of wily bidders amid an earnings turnaround.

QANTM has a 14.4 per cent market share in Australian patents. Louie Douvis

Street Talk can reveal QANTM has received a privatisation proposal, in a deal expected to be announced on Tuesday.

Sources said the Investec-advised acquirer is an offshore trade player, and had all but agreed terms with the Sonia Petering-chaired board.

Of note, Quadrant Private Equity deal makers and their cross-town rivals at Adamantem Capital submitted proposals to acquire QANTM, but were bested by the afore-mentioned suitor.

AFR Street Talk 27/02/24