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ikeGPS Walks Away from $165m Buyout Bid Despite 62% Premium
8:46am on Friday 7th of February, 2025 AEDT
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Technology
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ikeGPS Walks Away from $165m Buyout Bid Despite 62% Premium
8:46am on Friday 7th of February, 2025 AEDT
Key Points
Received unsolicited, non-binding acquisition approach from private equity
Offer valued at approximately NZ$1.00 per share, a 62% premium
Discontinued discussions due to insufficient shareholder support
Company to continue focusing on growth in electric utility software
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