Tyro Payments was the deal disappointment of today.
As expected by Street Talk, it had no update on talks with Westpac Banking Corp, Potentia Capital or any other suitors on its AGM day, which only creates doubt about whether its suitors’ interest is still genuine.
It’s six weeks since Westpac confirmed it was in preliminary talks with Tyro, which is usually about the length of time it takes to run due diligence (provided the target’s ready).
Those involved reckon the talks are ongoing - it just remains to be seen whether they lead to anything more.
A pair of Australia’s biggest homegrown whisky labels, Tasmania’s Lark Distilling Co and Sullivans Cove, have held exploratory talks about a merger and the chance to create a national whisky champion.
Ad fraud prevention software company Adveritas is in the crosshairs of NASDAQ-listed Integral Ad Science, which wants to buy the company for about $50 million.
Family-owned home care and disability support services group The CareSide is shopping for a deep-pocketed financial backer that could help fund its next phase of growth.
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