Yes, we have received a takeover bid. But no, we can’t tell you the price.
That’s how QANTM Intellectual Property responded to Street Talk’s revelation the small cap has received a privitisation proposal. In its ASX filings on Tuesday, it said it had granted due diligence to UK-based intellectual property firm Rouse International Holdings, trusting it to eventually come back with a binding bid.
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
