The M&A thrills and spills are a bit light on action this week, as happy bidders (BHP Billiton, Brookfield/EIG Partners) sink their teeth into due diligence materials and Perpetual/Pendal forge ahead with their proposed deal.
We thought we better check in on Nearmap ahead of its scheme meeting on Friday.
That means the vote will go ahead on Friday and it will be up to Nearmap shareholders to decide whether to accept the bid.
Scheme votes typically command 95 per cent-plus approval. Nearmap’s is likely to be different. Anything above 75 per cent will see the deal complete and represent a win for all concerned.
Thoma Bravo’s pushing ahead with a $2.10 a share bid for aerial mapping business Nearmap, despite a worrying trading update and mounting litigation claims against the ASX-listed group.
Australian cryptocurrency exchange Swyftx has run to market for a short-term capital injection, seeking to shore up its balance sheet and ability to fund longer-term growth plans.
The country’s biggest listed contracting/recruitment firm PeopleIN has called in the bankers to consider ways to unlock value for shareholders, including a potential private equity buyout.
