Accounting software company MYOB and private equity group KKR look like they are entwined in the final takeover dance before completing a deal that will see the company bought and sold five times in 20 years.
Normally relations between a takeover target and an aggressor are much cooler than the apparent warmth shown by MYOB towards KKR. Chanticleer suspects that both MYOB and KKR realise that the tech wreck roiling through global markets has much more serious implications for lower-growth tech stocks than it does for high-growth companies.
Over the past five to six weeks companies growing revenue at 30 per cent a year such as Apple, Alphabet, Wisetech Global and Xero have been sold off by 20 to 30 per cent. Imagine the damage that would be wrought on a company such as MYOB, which is forecast to grow revenue at about 8.5 per cent over the next three years.
now that’s old tech but pretty much ledger
they were over 2 bil cap in its prime
this tech blows that apart
30 mil cap tym .... only one way this goes if if if they do what they say
