ReadyTech Acquired by Topicus.com | Technology M&A Deal

Topicus.com has proposed the acquisition of ReadyTech, an enterprise software business in Australia, for $2.00 per share. Topicus.com acquisitions target ReadyTech Holdings Limited (ASX: RDY), which provides enterprise software used by organizations to manage operations and workflows. The strategic acquisition supports Topicus.com’s technology M&A strategy to expand enterprise software capabilities through a merger acquisition structure. The revised proposal is announced as a scheme of arrangement for cash consideration of $2.00 per share, with an alternative off-market takeover bid at $1.75 per share under a 50.1% minimum acceptance condition. Topicus.com, acting via TSS Europe B.V., submitted the non-binding indicative offer following feedback on preferred offer structure and price, with the off-market bid proposed to run alongside the scheme if shareholder approvals are not obtained.