Payments company Tyro in play: shares leap 25 per cent after Potentia-led consortium takeover bid rejected
Payments company Tyro shares rocketed after its board rejected a $1.27-a-share offer from a private equity consortium.
Source: afr.com
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Tyro Payments rejects 'highly opportunistic' $693m takeover offer
The bidders have secured conditional support of Tyro’s biggest shareholder, Mike Cannon-Brookes’ investment company Grok Ventures.
Source: theage.com.au
Tyro shares surge after it knocks back 'highly opportunistic' bid
The bidders have secured conditional support of Tyro’s biggest shareholder, Mike Cannon-Brookes’ investment company Grok Ventures.
Source: brisbanetimes.com.au
Tyro joins the tech takeover wave
Tyro is the latest smashed-up tech stock to become easy pickings for private equity, which has plenty of dry powder and is roaming the ASX for bargains.
Source: afr.com
Grok fires up pre-bid stake debate with step-up clause
Potentia Capital has a fair way to go to convince Tyro Payments to sell it the company, but it’s clear there’s already been a few rounds of negotiations in the background.
Source: afr.com