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Sept 19 (Reuters) - Australian automotive software firm Infomedia Ltd said on Monday it had yet to receive a binding proposal from either Solera Holdings LLC or the TA Consortium regarding their A$638.8 million ($443 million) takeover offers.
Shares of Infomedia tumbled 8.8% in early trade after the company said it had not received a binding proposal, including a scheme implementation agreement, acceptable to its board.
A consortium led by U.S. private equity firm TA Associates in May offered ...
>>> Read more: Australia's Infomedia yet to receive binding proposal for $443 mln buyout offers
Shares of Infomedia tumbled 8.8% in early trade after the company said it had not received a binding proposal, including a scheme implementation agreement, acceptable to its board.
A consortium led by U.S. private equity firm TA Associates in May offered ...
>>> Read more: Australia's Infomedia yet to receive binding proposal for $443 mln buyout offers
