Business
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…
-
Noosa News9 hours agoGiant hailstones hit parts of south-east Queensland as region braces for more severe thunderstorm activity
-
Noosa News14 hours agoSecond fatal SEQ e-bike accident in days as teen killed in Gold Coast crash
-
Noosa News17 hours agoPotential tornadoes, giant hail forecast from supercell storms in eastern Australia
-
Noosa News14 hours agoBoy killed in e-bike crash with teen rider on Sunshine Coast identified as eight-year-old Zeke Hondow