MYO 0.00% $3.40 myob group limited

receives 1.15 per share takeover offer

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    Sydney - Thursday - October 30: (RWE Aust Business News) - MYOB
    Ltd (MYO) has received a takeover bid from Manhattan Software Bidco Pty
    Ltd, which is jointly owned by entities managed or advised by Archer
    Capital and Harbourvest Partners LLC.
    The offer is $1.15 cash per share, a 13 per cent premium to the
    five-day volume weighted average price. It will be increased to $1.25 per
    share if Manhattan Software becomes entitled to compulsory acquisition
    and debt financing conditions are satisfied or waived.
    The offer will be reduced for any distribution or dividend paid
    by MYOB that is not received by Manhattan Software, including the
    proposed 12.85c capital return to be paid in November
 
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