No takeover talks: Intueri
Troubled training company responds to media speculation.
Listed tertiary training company Intueri has responded to takeover speculation in Australia, saying it has not been approached or had talks with any parties.
In a statement to the NZX this morning, Intueri [NZX: IQE] said: “Following media speculation in The Australian on Thursday, 10 December, 2015, Intueri Education Group (IQE) confirms that it has not been approached or had discussions with any other parties in relation to a takeover of the business.”
The article in The Australian speculated that private equity firms Anchorage Capital Partners and Champ Private Equity were considering a bid, while 24.9% shareholder Arowana International was looking at a re-privatisation.
The article said sources close to Intueri had said the company had not engaged with any private equity firms about a potential acquisition.
Intueri shares were trading at 57c yesterday, down from $1.30 a month ago after news of a regulatory investigation by New Zealand’s Tertiary Education Commission triggered a wave of negative sentiment.
The company was floated by former 100% owner Arowana last year at $2.35 a share.
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Tim Hunter
Tue, 15 Dec 2015
Tue, 15 Dec 2015
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No takeover talks: Intueri
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