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.
Sales software group Bigtincan Holdings looms as a white knight for stranded shareholders in LiveTiles Ltd, offering them a potential way out or chance to be part of a bigger ASX-listed vehicle.
Crescent Capital’s Hall Contracting has kicked off its search for a new major shareholder, targeting private equity teams under pressure to put capital to work.