Rumours that serial sharemarket letdown and software player Iress is back in the sights of private equity suitors have been hosed down by the company after it insisted no offers are on the table.
Iress chief executive Marcus Price says he knows nothing of any potential bidders, although his restructure of the group into defined operating units makes it easier for any suitor to do a sum of the parts valuation.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
