Jefferies analysts said they did not rule out a higher bid price from Autodesk but added that there could be other potential bidders such as France's Dassault Systemes (DAST.PA) and NASDAQ-listed PCT Inc (PTC.O).ĭassault and PCT did not immediately respond to requests for comment. The company wants to integrate Altium's electronics design software with its engineering and manufacturing software platforms to provide its users with a host of applications under one cloud network. "Autodesk may incrementally increase its offer to gain further engagement from Altium's board," the analysts added.Ī spokesperson for Autodesk said it was willing to engage further with Altium, which services high-profile customers such as Apple, Facebook, Tesla, BMW, Intel and Samsung. The phrasing "at the current price" potentially alludes to the willingness to complete a deal at a higher price, analysts at brokerage RBC Capital said in a note. It added that it would engage with interested parties for an appropriate valuation and pursue a "review of all potential strategic alternatives". peer Autodesk Inc (ADSK.O) on Monday as too low, but kept the door open for a higher offer as its shares leapt to near six-month highs.Īutodesk, which makes architecture designing software AutoCAD, offered Altium A$38.50 for each share, a 41% premium to its last closing price, valuing the company at A$5.05 billion ($3.91 billion).Īltium rejected the approach "at the current price" which analysts said valued it at 17 times forecast 2022 sales or 44 times forecast earnings.
June 7 (Reuters) - Australian-listed software maker Altium (ALU.AX) rejected a $3.9 billion takeover bid from U.S.
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