Rhipe a juicy target, not just for Crayon
Rhipe a juicy target, not just for Crayon Save Share ASX-listed software licence seller Rhipe is looking juicy, with the market anticipating more bids for the $404.3 million business. The company emerged as the takeover target of Norwegian heavyweight rival Crayon earlier this week, when it announced it was raising capital to fund an acquisition. Other parties could emerge as bidders for Rhipe. While the offer came at a 20 per cent premium on its last close before the offer was announced, and a 30 per cent premium on its one month volume-weighted average price, the bid is considered cheap...
Source: afr.com