Mining technology software company QMASTOR recorded its best one-day rally in more than four years on a surprise $19.3 million takeover offer that could spark further corporate activity in this overlooked and under-researched niche sector.
US-based Triple Point Technology is offering to pay 23¢ a share for QMASTOR, which it claims is a 50.1 per cent premium above the 30-day volume-weighted average price of the target’s shares.
