Techway takeover saga continues

Techway takeover saga continues

The saga involving the takeover of Internet solution developer Techway has taken yet another turn with the would-be owner Intellect Holdings declaring its bid unconditional.

Previously Intellect had stipulated that its takeover bid was dependent on it securing 70 per cent of Techway shares (see story ARN April 2).

Intellect executive chairman Ross Leighton said in a prepared statement that a number of shareholders had approached Intellect indicating they would accept its offer if it was declared unconditional.

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