Why the LiveTiles (ASX:LVT) share price is surging 17% higher today

The LiveTiles Ltd (ASX: LVT) share price has been a strong performer on Wednesday.

In afternoon trade the intranet and workplace technology software company’s shares are up 17% to 24 cents.

Why is the LiveTiles share price storming higher?

As we covered here earlier today, LiveTiles requested a trading halt this morning amid media reports that private equity firms were interested in launching a takeover approach.

The report claims that the low multiples its shares trade on relative to its peers have caught the eye of international investors.

This afternoon the company confirmed that it receives unsolicited approaches by parties interested in exploring a corporate transaction from time to time.

However, it advised that it is not…