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there was an offer for $9.5 in MAy 2022 which was knocked backAn...

  1. SilverTrade
    5,861 Posts.
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    12/03/24
    20:51
    Post #: 72856243
    there was an offer for $9.5 in MAy 2022 which was knocked back

    • An offer of $9.50 per share represents a 48% premium to yesterday's closing price
    • Appen is seeking an improved offer from TELUS

    The Appen Ltd (ASX: APX) share price is squarely in focus on Thursday morning following news the AI training data company has received a takeover proposal.

    Before the opening bell, Appen laid to rest the rumours this morning, confirming the receipt of an unsolicited, conditional, and non-binding indicative proposal from TELUS International. The Canadian technology company is looking to acquire 100% of Appen at a price of $9.50 per share.

    This would put an extra ~48% in the pockets of shareholders from yesterday's $6.40 closing price.


    https://www.f o o l .com.au/2022/05/26/appen-share-price-on-watch-amid-1-2-billion-takeover-bid/


    APX Price at posting: $1.08 Sentiment: Buy Disclosure: Held
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