Good evening,

All that drama at LiveTiles has finally come to something.

Street Talk’s caught the ASX-listed employee experience software biz sitting on a bid at the 8¢ a share mark, which would be an almost 50 per cent premium to its last close.

LiveTiles’ suitor is sales software company Bigtincan Holdings (also listed), which is willing to stump up cash or scrip to get its target on board.

Depending on how things play out, the bid could spell the end of a series of unfortunate events for LiveTiles shareholders.

To name a few, its market cap has shrunk from $350 million odd to just $50 million in three short years, and investors have already knocked back the board’s proposal to delist from the ASX and go to Nasdaq.

LiveTiles’ camp was yet to respond to Bigtincan’s bid as we went to print on Monday evening. It should be an interesting evening for its shareholders though as they weigh Bigtincan’s approach.

Outside of LiveTiles, it was a languorous start to the week for ASX-listed companies while bankers and investors took the Monday off.

True, Infomedia officially banished its two suitors from the data room after they failed to produce binding bids by the September 30 deadline – but it was something that was already well expected.

The episode did have bankers wondering what good are co-operation agreements, like the one between TA Associates and Viburnum.

Elsewhere, PE firm Crescent Capital Partners had Houlihan Lokey finding an investor to replace it on Hall Contracting’s register, and Carsales and QIC’s remote power play Pacific Energy both had new debt deals.

Happy reading,
Anthony Macdonald, Sarah Thompson and Kanika Sood
Street Talk editors