Australian fintech firm Iress has confirmed it is in discussions with U.S. private equity firms Blackstone and Thoma Bravo regarding a potential takeover. The company previously reviewed a A$10.50 per share proposal from Blackstone—equivalent to about US$6.85—but that offer has since been withdrawn. Talks are ongoing to determine whether either suitor can present a revised deal compelling enough for Iress’s board to endorse. As of the latest trading session, Iress shares were priced at A$8.38. Blackstone declined to comment, while Thoma Bravo has not responded.
Source: Morningstar
