News: BTH Bigtincan suitor SQN Investors unhappy with potential capital raising

Dec 8 (Reuters) - Australia's Bigtincan Holdings Ltd (BTH) said on Thursday top shareholder and suitor SQN Investors in a letter expressed disagreement over its potential capital raising, calling it "highly dilutive" and "value-destructive".

SQN's letter, made public separately, cited a media report stating the Sydney-based software developer's shares were on a halt pending a A$30 million ($20.12 million) placement, only days after the private equity adviser tabled a A$441.9 million buyout offer. ($1 = 1.4908 Australian dollars)