FB

Meta Platforms, Inc.

196.64
USD
0.51%
196.64
USD
0.51%
169.00 384.33
52 weeks
52 weeks

Mkt Cap 465.31B

Shares Out 2.37B

Chat
Send me real-time posts from this site at my email

Australia's Nearmap gets $755 mln takeover proposal from Thoma Bravo

Adds details on proposal Aug 15 (Reuters) - Australian aerial imagery company Nearmap Ltd NEA.AX on Monday disclosed a A$1.06 billion ($754.61 million) takeover proposal from Thoma Bravo L.P, and said the U.S. private equity firm's due diligence was at an advanced stage. The A$2.10 per share cash proposal for Nearmap represents a premium of nearly 39% above the stock's last close price of A$1.51. "The board of Nearmap determined the proposal received on 6 July 2022 to be credible and sufficient to initially grant non-exclusive due diligence access to Thoma Bravo," the company said. The company added it has exclusively granted Thoma Bravo seven days from Monday to determine if a definitive transaction can be signed. Nearmap said it had received several other non-binding expressions of interest for the company, but none of them was considered to be in the best interests of shareholders. ($1 = 1.4047 Australian dollars) (Reporting by Harish Sridharan in Bengaluru; editing by Diane Craft and Sam Holmes) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue