Infomedia receives additional non-binding, conditional offer

Infomedia Ltd (ASX: IFM) announced that it has received a conditional non-binding indicative proposal from Solera Holdings LLC to acquire Infomedia for AU$1.70 per share, payable in cash.

 Infomedia received this proposal after the receipt of conditional non-binding indicative proposals from another two companies, which are TA Associates and Viburnum Funds, and another from Battery Ventures to acquire 100% of the company for $1.70 per share and $1.75 per share, respectively.

The company’s board has highlighted that it is in the interests of Infomedia’s shareholders to engage further with all three companies in regard to their respective proposals. Accordingly, the Board has determined to grant due diligence access to the three parties.

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