Sources said the two camps were negotiating the price bump on Thursday, while both’s stock was halted from trading.
Listed IT solutions business Atturra is expected to hit back with a higher bid at Cirrus Networks Holdings, after its 5.3¢ a share scheme bid from Monday won over the target’s board but failed to woo investors.Sources said the two camps were negotiating the price bump on Thursday, while both’s stock was halted from trading until Monday morning. Atturra is being advised by MA Moelis, while Cirrus has Latimer Partners in its corner.
Obviously, investors think Atturra needs to go up. If that is because they reckon there’s chance of a competing bid and/or if Cirrus is worth more is open to question.
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