News: ALU Altium Ltd Rejects Buyout Proposal From Autodesk

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    June 7 (Reuters) - Altium Ltd (ALU) :

    • CONFIRMS IT GOT NON-BINDING UNSOLICITED PROPOSAL FROM AUTODESK, INC FOR ACQUISITION OF 100% OF ALTIUM SHARES AT A$38.50/SHARE
    • CONSIDERS PROPOSAL SIGNIFICANTLY UNDERVALUES CO'S PROSPECTS AND THEREFORE REJECTS PROPOSAL AT CURRENT PRICE
    • WILL CONTINUE TO REVIEW ALL POTENTIAL STRATEGIC ALTERNATIVES FOR COMPANY
 
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