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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Altium Limited | ASX:ALU | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.04 | -0.06% | 65.84 | 65.80 | 65.89 | 65.98 | 65.75 | 65.77 | 289,224 | 07:20:01 |
From May 2021 to May 2024
By Stuart Condie
SYDNEY--Altium Ltd. on Monday rejected an unsolicited takeover proposal by Autodesk Inc. as it significantly undervalued the company's prospects.
Autodesk had made an offer of 38.50 Australian dollars (US$29.81) a share for the ASX-listed company.
Autodesk's proposal followed talks about a strategic partnership between the two companies. Altium said it would engage with interested parties on what it considered an appropriate valuation.
Shares in Altium were up 36% at A$37.00, their highest level in six months.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
June 06, 2021 21:56 ET (01:56 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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