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TELUS Corporation???s TU subsidiary TELUS International, which was looking to acquire Australia-based Appen Ltd has abruptly withdrawn its bid, per Reuters.
The company had reportedly offered to buy Appen for a A$9.50-per-share offer or a cumulative of A$1.2 billion ($830 million). Since the proposed price per share was below the company's trading price in February, Appen was holding discussions with TELUS to improve buyout terms, Reuters reported earlier.
Appen is a well-known leader in data ...
>>> Read more: TELUS's (TU) Subsidiary Reportedly Drops its Bid for Appen
The company had reportedly offered to buy Appen for a A$9.50-per-share offer or a cumulative of A$1.2 billion ($830 million). Since the proposed price per share was below the company's trading price in February, Appen was holding discussions with TELUS to improve buyout terms, Reuters reported earlier.
Appen is a well-known leader in data ...
>>> Read more: TELUS's (TU) Subsidiary Reportedly Drops its Bid for Appen
