A revised bid from US-Australian takeover vehicle Manhattan Software Bidco has gained qualified support from MYOB's board of directors. It now seems much more likely that the Australian financial software and services company will change hands.

Published in Listed Tech
Thursday, 04 December 2008 11:54

MYOB shareholders urged to reject Manhattan bid

The board of financial software and services company MYOB is maintaining its opposition to the bid made by US-Australian takeover vehicle Manhattan Software. "The offer is neither fair nor reasonable," said MYOB's chairman.

Published in Listed Tech
Friday, 28 November 2008 05:47

MYOB sells US business, leaves China

In a move that signals a return of MYOB to its core operations, the accounting software company has divested itself of its US business and pulled out of China after a fruitless three years. MYOB has sold its US operations including the development of its Mac accounting software to its local distributor, Acclivity.

Published in Development

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