APX 4.08% 47.0¢ appen limited

Can't how see how this deal gets over the line. Innodata...

  1. 6,426 Posts.
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    Can't how see how this deal gets over the line. Innodata shareholders don't like their shares being used for currency. Now has a MC of AUD $260M vs APX of $236M.

    Unless Appen want a backdoor listing on to the NASDAQ, then I don't see this deal happening. Might not be bad for Appen to have access to more capital via US investors. But you need both sets of shareholders approving the deal.

    https://hotcopper.com.au/data/attachments/6026/6026680-26446fc628ceacfda4f10c0b0128f12a.jpg
 
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