[ad_1]
(Reuters) – The Australian group, MYOB said on Wednesday that one of its major shareholders has pledged to vote for the takeover bid of private equity firm KKR & Co on the software company compatible.
Manikay Partners, which is the second largest shareholder of MYOB with a 16% stake according to Refinitiv, said in a letter to MYOB that he was disappointed with MYOB's decision to continue to recommend the reduction of the offer. from KKR to 3.40 Australian dollars ($ 2.41) per share despite improving market conditions.
The letter, which was disclosed in a statement from MYOB, also said that Manikay Partners believed it was "better served" by allocating its capital elsewhere.
(1 $ = 1.4092 Australian dollar)
Report by Nikhil Kurian Nainan in Bengaluru; Edited by Muralikumar Anantharaman
Source link
