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.