Reported 2 days ago
Shares of Australia's Iress experienced a significant rise after the company disclosed it is in discussions with Blackstone and Thoma Bravo regarding a potential buyout. The stock jumped by 15.6% to A$9.69, although it remains below Blackstone's earlier offer of A$10.50 per share. This interest from private equity firms follows previous attempts at acquisition, highlighting a growing trend in the Australian software sector.
Source: YAHOO