listed Altium rejects $3.9 bln Autodesk bid, saying it ‘undervalues’ company

Australia-listed software maker Altium on Monday rejected a buyout proposal from U.S. peer Autodesk Inc as undervaluing the company but kept the door open for a better offer, helping its shares end at near six-month highs. Autodesk, which makes architecture designing software AutoCAD, offered Altium A$38.50 per share, a 41.5% premium to its last closing […]
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