Should Autodesk Make a Multibillion Dollar Push at Altium Limited?
Architecture, engineering, and construction (AEC) software leader Autodesk (NASDAQ: ADSK) put out a press release last week announcing a bid to acquire Altium Limited (ASX: ALU) for around $4 billion. Altium management immediately turned down the proposal, stating that it "significantly undervalues Altium's prospects." This response likely means Altium is looking for a higher bid from Autodesk or is not interested in being acquired at all.
Here's what investors need to know about this potential deal, and what it could mean for Autodesk shareholders.
Source Fool.com
