ASX:RDY

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Victorian TAFE Network Selects ReadyTech Holdings as Student Management System Provider, Shares Up 9%

ReadyTech Holdings (ASX:RDY) was selected as the student management system (SMS) platform provider for the Victorian TAFE Network following a competitive tender process, according to a Monday Australian bourse filing.The company said there are no committed contract values or mandated rollout timelines at this stage, with any future implementation subject to further scoping, approvals, and customer requirements, and no revenue was contracted yet at the time of the filing.The company's shares rose 9% in recent Monday trade.

ASX:RDY

Asia28d ago

ReadyTech Rejects Unsolicited, Non-Binding Acquisition Proposal

ReadyTech (ASX:RDY) rejected the unsolicited, non-binding indicative proposal from Total Specific Solutions to acquire the company through a scheme of arrangement for a AU$2 per share cash consideration, according to a Monday filing with the Australian bourse.The proposal is parallel to an off-market bid with a 50.1% minimum acceptance condition as a cash consideration of $1.75 per share, the filing said.The proposal does not reflect the company's inherent value in a change of control context, and in any event would not be executable, per the filing.

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