Autodesk Terminates Buyout Talks With Altium

Autodesk Inc. (ADSK) said that it has terminated discussions to acquire Altium Limited (ALU.AX).

Autodesk said it verbally improved its initial proposal, but it was unable to agree on the basis to advance discussions.

Last month, Autodesk had confirmed that it submitted a non-binding proposal to acquire all the outstanding shares of common stock of Altium for A$38.50 per share.

Altium is a software company headquartered in San Diego, California and publicly traded on the Australian Securities Exchange. The company develops software used by printed circuit board designers and electrical engineers at organizations around the world to deliver connected, intelligent products.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Cryptocurrency Dogecoin's price jumped over 15% on Friday, but later lost some of the gains, after Tesla Inc. (TSLA) CEO Elon Musk announced that the luxury car maker will start accepting the meme cryptocurrency as payment for its merchandise. "Tesla merch buyable with Dogecoin," Musk tweeted on Friday. Dogecoin... US investment bank JPMorgan Chase & Co. reported Friday a profit for the fourth quarter that declined 14 percent from last year, hurt primarily by higher noninterest expense and lower credit reserve releases. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations. Microsoft Corp. said its Board of Directors has initiated a review of the effectiveness of its workplace sexual harassment and gender discrimination policies and practices. The company has hired the law firm of Arent Fox to conduct the review mainly on sexual harassment investigations, including that of co-founder Bill Gates.
Follow RTT