Sydney - Thursday - October 30: (RWE Aust Business News) - MYOB
Ltd (MYO) has received a takeover bid from Manhattan Software Bidco Pty
Ltd, which is jointly owned by entities managed or advised by Archer
Capital and Harbourvest Partners LLC.
The offer is $1.15 cash per share, a 13 per cent premium to the
five-day volume weighted average price. It will be increased to $1.25 per
share if Manhattan Software becomes entitled to compulsory acquisition
and debt financing conditions are satisfied or waived.
The offer will be reduced for any distribution or dividend paid
by MYOB that is not received by Manhattan Software, including the
proposed 12.85c capital return to be paid in November
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