Appen faces a battle to restore investor confidence after New Jersey-based Innodata abandoned its $154 million bid for the ASX-listed target citing a breach of confidentiality.
Cyan Investment Management’s Dean Fergie said from an outsider’s perspective, Appen had a “massive reputation issue” to resolve based on its performance over the past few years.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
