Autodesk Confirms Proposal to Acquire Electronic Design Software Leader Altium Limited

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/3/2026

1. AAPL
2. PLTR
3. CRWD
4. VRTX
5. ON
6. CHKP
7. HNGE
8. INSP
9. RXRX
10. MTCH

Go back to Autodesk Confirms Proposal to Acquire Electronic Design Software Leader Altium Limited

Altium Rejects $3.9 Billion Takeover Bid From Autodesk (ADSK) as 'Significantly' Undervalued, Acquisition Makes Sense But Unlikely Revised Bids Will Go Higher Says Analyst

June 7, 2021 12:51 PM EDT

Altium (ASX: ALU), the Australian tech company that develops software used for designing electronic products including printed circuit boards (PCB), said today it rejected a takeover offer from Autodesk (NASDAQ: ADSK) as it significantly undervalued the company.

Yesterday, ADSK issued a statement to confirm that it made an offer to acquire all shares of ALU stock at a price of AUD$38.50 apiece. This represents a 41.5% premium of the companys closing price on Friday, valuing the company at $3.9 billion.

The proposed combination would advance Autodesk's strategy to converge design and make through a unified design,... More