Rhipe confirms Crayon buyout bid

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Rhipe confirms Crayon buyout bid
Crayon offers A$2.50 per share, equating to roughly A$402.69 million.
Dominic O'Hanlon (Rhipe)
Credit: Rhipe
Publicly listed cloud software distributor Rhipe has confirmed it has received an indicative, non-binding takeover offer from Norwegian headquartered IT consultancy Crayon, offering A$2.50 per share, valuing the deal at roughly A$402.69 million.
“There is no certainty that Crayon will submit a binding proposal. However, Rhipe and Crayon are continuing to work together collaboratively to facilitate a satisfactory outcome," Rhipe told shareholders on 1 July. 

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