![]() The phrasing "at the current price" potentially alludes to the willingness to complete a deal at a higher price, analysts at brokerage RBC Capital said in a note. It added that it would engage with interested parties for an appropriate valuation and pursue a "review of all potential strategic alternatives". peer Autodesk Inc (ADSK.O) on Monday as too low, but kept the door open for a higher offer as its shares leapt to near six-month highs.Īutodesk, which makes architecture designing software AutoCAD, offered Altium A$38.50 for each share, a 41% premium to its last closing price, valuing the company at A$5.05 billion ($3.91 billion).Īltium rejected the approach "at the current price" which analysts said valued it at 17 times forecast 2022 sales or 44 times forecast earnings. June 7 (Reuters) - Australian-listed software maker Altium (ALU.AX) rejected a $3.9 billion takeover bid from U.S.
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