ReutersReuters

Bigtincan Says Received Unsolicited And Non-Binding Proposal From SQN Investors LP

Bigtincan Holdings Ltd BTH:

  • RECEIVED AN UNSOLICITED, INDICATIVE, CONDITIONAL AND NON-BINDING PROPOSAL FROM SQN INVESTORS LP

  • PROPOSAL TO ACQUIRE ALL OF SHARES IN BTH FOR A$0.80 CASH PER SHARE BY WAY OF SCHEME OF ARRANGEMENT

  • SQN HAS INDICATED IT AIMS TO FUND INDICATIVE PROPOSAL BY A COMBINATION OF EQUITY BY SQN AND ITS AFFILIATES, AND POSSIBLY DEBT FINANCING

  • ALSO NOTES THAT CO HAS HAD PRELIMINARY DISCUSSIONS WITH OTHER INTERESTED PARTIES ON A POTENTIAL CONTROL TRANSACTION

  • INDEPENDENT BOARD COMMITTEE WILL CONSIDER PROPOSALS IN BEST INTERESTS OF ALL BIGTINCAN SHAREHOLDERS.

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