BUZZ-Australia's Infomedia set for best week in three years on TPG takeover optimism

Reuters

2025/08/08

** Shares of software firm Infomedia IFM.AX climb 0.3% to A$1.685

** Infomedia's stock up 27.3% so far this week, set for best week since May 2022

** Shares got a boost after co said on Wednesday that it had agreed to be acquired by the Asia-focused private equity arm of asset manager TPG TPG.O

** Deal was offered for A$1.72 per share, more than a 30% premium to Tuesday's close

** YTD, Infomedia stock up 9.4%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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