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May 27 (Reuters) - Australia's Infomedia Ltd said on Friday it received a A$657.6 million ($466.76 million) preliminary buyout offer from U.S. private equity firm Battery Ventures, higher than a A$638.8 million rival bid for the automotive software provider.
Battery Ventures, which primarily invests in technology firms, offered A$1.75 in cash per Infomedia share, 5 Australian cents more than the rival proposal from a consortium led by U.S. private equity firm TA Associat...
>>> Read more: UPDATE 1-Battery Ventures enters bidding war for Australia's Infomedia with $467 mln offer
May 27 (Reuters) - Australia's Infomedia Ltd said on Friday it received a A$657.6 million ($466.76 million) preliminary buyout offer from U.S. private equity firm Battery Ventures, higher than a A$638.8 million rival bid for the automotive software provider.
Battery Ventures, which primarily invests in technology firms, offered A$1.75 in cash per Infomedia share, 5 Australian cents more than the rival proposal from a consortium led by U.S. private equity firm TA Associat...
>>> Read more: UPDATE 1-Battery Ventures enters bidding war for Australia's Infomedia with $467 mln offer
