Negotiations between Sydney start-up Pendula and its acquisition target, Whispir, continued over the weekend to firm up a potential takeover offer that is expected to land at the upper end of a price guide provided by an independent expert.
Communications software company Whispir told shareholders on Monday it is in ongoing talks with Pendula regarding a potential takeover offer of its main operations, after it rejected an off-market takeover bid from private equity-backed Soprano Design last week.
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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
