Australia’s Infomedia surges nearly 30% on TPG’s $420 mln takeover bid Investing.com-- Shares of Infomedia Ltd (ASX:IFM) surged to an 11-month high on Tuesday after private equity firm TPG (NASDAQ:TPG) agreed to acquire the Australian automotive software firm in a cash deal worth A$651 million ($421.6 million). Under the scheme of arrangement, Infomedia shareholders will receive A$1.72 per share, an over 30% premium to the stock’s last closing price. The offer includes fully franked dividends of up to 4.9 AU cents per share, providing additional benefits for eligible shareholders. Sydney-listed Infomedia shares surged 29% to A$1.695 by 01:10 GMT, reaching their highest level since mid-September 2024. The Infomedia board unanimously recommended the deal, citing "certainty of value in an increasingly uncertain environment." The acquisition, subject to shareholder and regulatory approvals, is expected to close by late November 2025. Infomedia, which provides software solutions for the automotive industry, will report its full-year results on August 25. The company confirmed no changes to its fiscal 2025 revenue guidance. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks AI – 6 model portfolios fueled by AI stock picks with a stellar performance this year... In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if IFM is on your watchlist, it could be very wise to know whether or not it made the ProPicks AI lists.

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Cercando tra i vecchi CD, ne è rispuntato uno del marzo 1997 zeppo di materiale sul linguaggio Java (all'epoca release 1.1). Con un po' di nostalgia, scaviamo tra i materiali vintage pubblicati sul CD. #javalanguage #infomedia www.youtube.com/watch?v=NxQ-...

Infomedia Acquires 50% Stake in Intellegam: A Strategic Move in Automotive AI Infomedia Ltd announces a 50% acquisition of Intellegam, enhancing its global AI capabilities in the automotive sector, fostering future innovations.

Infomedia Acquires 50% Stake in Intellegam: A Strategic Move in Automotive AI #Australia #Sydney #automotive_AI #Infomedia #Intellegam

Infomedia Partners with Intellegam to Revolutionize Automotive AI Landscape Infomedia has secured a 50% stake in Intellegam, an innovative AI startup, enhancing its automotive software solutions with advanced technology for smarter operations.

Infomedia Partners with Intellegam to Revolutionize Automotive AI Landscape #Australia #Sydney #automotive_AI #Infomedia #Intellegam

Infomedia's Strategic Acquisition of 50% of Intellegam: A Bold Move in Automotive AI Infomedia Ltd is set to acquire 50% of Intellegam, a European AI startup, aiming for innovation in automotive solutions through cutting-edge AI tech.

Infomedia's Strategic Acquisition of 50% of Intellegam: A Bold Move in Automotive AI #AI_Technology #Australia #Sydney #Infomedia #Intellegam

Infomedia to Acquire 50% Stake in AI Startup Intellegam for Strategic Growth Infomedia Ltd has signed a binding agreement to acquire a 50% stake in Intellegam, an AI startup, to boost innovation in automotive solutions.

Infomedia to Acquire 50% Stake in AI Startup Intellegam for Strategic Growth #Australia #Sydney #Infomedia #Intellegam #AI_Startup