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Rhipe (ASX:RHP) share price drops after accepting takeover bid

Rhipe (ASX:RHP) share price drops after accepting takeover bid The company has agreed to Crayon’s bid of $2.50 a share. Marc is a Master of Journalism and Communications student at UNSW and journalist at The Motley Fool. He has a passion for journalism and news with a keen interest in business, the media, politics, foreign affairs, and how they intersect in everyday life. Latest posts by Marc Sidarous (see all) | The At the time of writing, shares in the company are trading for $2.48 – down 1.59%. By comparison, the Let’s take a closer look at this latest update. Why the Rhipe share price is in focus

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Why the Rhipe (ASX:RHP) share price is racing 5% higher today

Why the Rhipe (ASX:RHP) share price is racing 5% higher today Aaron Teboneras | April 29, 2021 10:44am | More on: The Rhipe Ltd(ASX: RHP) share price is racing higher after the company provided investors with a trading update. At the time of writing, the cloud and software solutions provider’s shares are fetching for $1.82, up 5.8%. Let’s take a closer look at how Rhipe performed for the period. Q3 YTD financial performance Investors appear pleased with the company’s financial update, sending Rhipe shares higher in early morning trade. For the 9 months ending March 31 (Q3 YTD FY21), Rhipe reported unaudited sales of $273.1 million. This represents a 15% lift from the $236.5 million attained over the prior corresponding period.

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