Nov 1 (Reuters) - Readytech Holdings Ltd (RDY) :
- RESPONDS TO MEDIA SPECULATION
- CONFIRMS THAT IT HAS RECEIVED A CONDITIONAL, NON-BINDING INDICATIVE PROPOSAL FROM FUNDS MANAGED OR ADVISED BY PACIFIC EQUITY PARTNERS
- PROPOSAL AT OFFER PRICE OF A$4.50 PER SHARE
- DISCUSSIONS IN RELATION TO PROPOSAL ARE ON-GOING
- NO CERTAINTY THAT THESE DISCUSSIONS WILL RESULT IN ANY TRANSACTION
- FUNDS MANAGED BY PEMBA CAPITAL PARTNERS CURRENTLY HOLD 32.01% OF ISSUED SHARE CAPITAL OF READYTECH
- NO AGREEMENT HAS BEEN REACHED BETWEEN PARTIES IN RELATION TO VALUE, STRUCTURE OR TERMS OF ANY TRANSACTIO
- PROPOSAL CONTEMPLATES THAT PEP WILL GET RELIEF FROM ASIC TO ALLOW PEP, PEMBA TO WORK JOINTLY ON PROPOSAL
Nov 1 (Reuters) - Readytech Holdings Ltd (RDY) : RESPONDS TO...
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