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ALU Altium Limited

68.32
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 20 minutes
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
  0.00 0.00% 68.32 68.33 68.35 0.00 00:00:00

Altium Will Continue to Engage With Suitor Autodesk on Value

18/06/2021 1:40am

Dow Jones News


Altium (ASX:ALU)
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From Nov 2019 to Nov 2024

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   By Stuart Condie 
 

SYDNEY--Altium Ltd. Chairman Sam Weiss said the software firm will continue to engage with Autodesk Inc. following its rejection of the Nasdaq-listed firm's takeover proposal on valuation grounds.

Mr. Weiss told an investor call on Friday that the board of Australia-listed Altium would continue to speak with Autodesk President and Chief Executive Andrew Anagost.

Altium this month rejected Autodesk's unsolicited proposal, which valued Altium's equity at about $3.91 billion and was described by analysts as opportunistic.

"As a public company, we are always mindful of shareholder value and we have no preconceived opposition to an acquisition," Mr. Weiss said. "However, we believe it should be at the point and at a price that reflects the unique value of Altium as a company and its demonstrated and future wealth creation potential."

 

Write to Stuart Condie at stuart.condie@wsj.com

 

(END) Dow Jones Newswires

June 17, 2021 20:31 ET (00:31 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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