Aussie software company MYOB has brought an application before the takeovers Panel seeking an order to prevent buyout consortium Manhattan Software Bidco from sending out its bidder's statement to MYOB shareholders.
The board of Australian accounting software company MYOB has told its shareholders to resist the temptation to accept an approximately $477 million takeover offer from Manhattan Software Bidco.
A bargain-hunting investment consortium named Manhattan Software Bidco has offered around $443 million plus options in a takeover bid for Australia's leading accounting software brand, MYOB.
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