Australia's ReadyTech gets $308m buyout offer from PE firm Pacific Equity Partners

Australia's ReadyTech gets $308m buyout offer from PE firm Pacific Equity Partners

REUTERS/Jason Reed

Australia’s ReadyTech Holdings said on Tuesday it has received an A$481.4 million ($308.3 million) buyout offer from Pacific Equity Partners (PEP), one of the country’s biggest private equity firms.

The A$4.50-per-share proposal, at a near 39% premium to the stock’s last close, marks the third play for an Australian technology company since last week, highlighting increasing interest in the sector amid cheap valuations.

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