Bid target Infomedia: profit slide no surprise to suitors
Kanika SoodCo-editor, Street Talk
Infomedia boss Jens Monsees says there’s nothing in the company’s plunging profits that its two suitors haven’t already seen, as the company posts net profit of barely half last year’s number despite enjoying a 23 per cent increase in revenue in the year to June 30.
Infomedia CEO Jens Monsees said the company is open to acquisitions, while two bidders plough through its data room. Rhett Wyman
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