Things are moving at warp speed at the mapping software business.
Now, they are watching the clock tick on Thoma’s last leg of due diligence on the ASX-listed tech play. It gave the suitor another week to firm up its $2.10 a share indicative and non-binding bid.
Street Talk wouldn’t be surprised if Thoma’s crew had well-thumbed and marked-up copies of J Capital’s report and rival EagleView’s legal claims tucked under their arms as they worked their way through Nearmap’s data room. Thoma’ waltzing in when it knows all of that has Nearmap investors wondering if the PE firm has weighed the potential fallout from the legal claims and deemed them small enough to take on.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The seven things you may have forgotten about hostelsThe heartwarming highs and nose-crinkling lows you may have forgotten in the years since you last climbed down from the rickety top bunk. | via TravellerAU
Read more »
Simon Taylor: the 10 funniest things I have ever seen (on the internet)If you felt like your life was lacking a video of a gambling cat or a list of the ways people have misspelled ‘pregnant’ online, this comedian is here to help
Read more »
Wage Price Index a ‘very narrow measure’The Australian Chamber of Commerce and Industry's Andrew McKellar says while the gap between wages and inflation is “obviously an issue”, the Wage Price Index is a “very narrow measure”. This comes after the Australian Bureau of Statistics on Wednesday revealed wages rose 2.6 per cent in the year to June. “It’s obviously an issue but I think one of the things that we’ve got to look at here is, is that Wage Price Index really telling the full picture?”, Mr McKellar told Sky News Australia. “It’s just basically picking up ordinary earnings and ordinary time, there’s no account for compositional changes, changes in the nature of work that people are doing or the extra compensation they’re getting in some cases.”
Read more »
Caledonia rallies clients with 18-page essay amid underperformanceThere’s a hot new publication out of Will Vicars and Mike Messara’s Caledonia (Private) Investments.
Read more »
Brisbane Airport refueller averts potential disasterAn infestation of wasps almost caused another major incident involving an international airline.
Read more »
Prime Minister to make 'diplomatic representations' over release of Bali bomb makerThe 'bomb maker' is due to walk free within days after having served just half of his sentence, with Bali authorities claiming he has been de-radicalised. 9News
Read more »