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Dec 22 (Reuters) - Australia's ReadyTech (RDY) said on Thursday that Pacific Equity Partners (PEP) had withdrawn its updated buyout offer of A$4.50 per share for the company and was working on an alternative proposal.
PEP revised its per-share offer last month, allowing ReadyTech shareholders to opt for cash, shares or a mix of both
The private-equity firm's alternative offer could deliver the same per-share value, although it was yet to give out further details on the proposal, the company said in a press statement.
Readytech is among a handful of Australian software firms that have agreed to be bought out by PE firms in recent months. Others include Xero Ltd (XRO) and Tyro Payments Ltd (TYR) .
ReadyTech, which has a market capitalization of A$447.3 million ($300 million), also reaffirmed its fiscal 2023 outlook. ($1 = 1.4905 Australian dollars)
News: RDY UPDATE 1-Australia's ReadyTech says Pacific Equity Partners working on new buyout offer
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Last
$2.19 |
Change
-0.020(0.90%) |
Mkt cap ! $270.6M | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.21 | $2.14 | $113.6K | 52.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $2.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.25 | 462 | 1 |
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| Last trade - 16.10pm 09/09/2025 (20 minute delay) ? |
| RDY (ASX) Chart |