A big name exit while another takeover bid is rejected, two big name companies are catching investors attention today.
EML Payments is tumbling again today after the payment provider technology company announced its current boss Tom Cregan has resigned and will be replaced by director Emma Shand, effective immediately. Ms Shand will be spending a lot of time and presence in Europe given the significance of the company?s European business. Investors aren?t responding favourably to the news, with the company?s share price now down 69.03% year-to-date.
And Link Administration has rejected Dye & Durham?s revised takeover offer of $4.57/share but has said it will continue to engage with Dye & Durham in hope of reaching an agreed position. Investors are responding positively to the rejected takeover offer.
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