MYOB revealed today that it had received an unsolicited proposal from US private equity firm KKR, which is seeking to acquire the shares of the accounting software company that it doesn’t already own.
Stories by Rohan Pearce
Vocus is the subject of a second acquisition bid, with the telco revealing this morning that Asian private equity firm Affinity Equity Partners had lodged a preliminary takeover offer.
MYOB is set to return to the ASX, selling 228.3 million shares at $3.65 in the company’s IPO.
Telstra's chief financial officer, Andrew Penn, will from 1 May replace David Thodey as chief executive officer.
Tender documents issued this morning have confirmed that the Australian government will push ahead with seeking to build a whole-of-government content management system based on the open source Drupal platform.