BUZZ-Australia's Xref falls as proposed buyout by Seek falls through

Reuters
04 Feb
BUZZ-Australia's Xref falls as proposed buyout by Seek falls through

** Shares of recruitment technology company Xref XF1.AX drop as much as 24.2% to A$0.118, their lowest since April 15

** Co terminates scheme under which online employment marketplaces co Seek SEK.AX proposed to acquire Xref for A$0.218 cash per share

** Only 67.6% of votes cast by Xref shareholders were in favour of the deal, failing to meet the minimum 75% approval criteria

** Seek's shares fall up to 1.5% to A$22.72

** As of last close, XF1 stock was down 27.9% YTD

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10