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ALU Altium Limited

68.32
0.00 (0.00%)
02 Apr 2025 - Closed
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 01:00:00

Autodesk Ends Acquisition Talks with Altium

20/07/2021 11:44pm

Dow Jones News


Altium (ASX:ALU)
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By Kimberly Chin

 

Autodesk Inc. on Tuesday ended its talks to potentially acquire Australian software firm Altium Ltd.

Altium in June rejected Autodesk's unsolicited takeover proposal on valuation grounds. The initial offer valued Altium's equity at about $3.91 billion and was described by analysts as opportunistic.

"While we did verbally improve our initial proposal, we were unable to agree on the basis to advance discussions. We respect the leadership team at Altium and wish them the best with their business," Autodesk Chief Executive Andrew Anagnost said in a statement.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

July 20, 2021 18:31 ET (22:31 GMT)

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

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