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Financials

Australia's Altium denies it got new bid from Autodesk

July 19 (Reuters) - Altium Ltd said on Monday it had not received a new offer from Autodesk Inc, after a media report that the Australian software maker had rejected a fresh bid from the U.S. company and that the deal had fallen through.

Altium’s shares sank nearly 14% following the report in The Australian newspaper, before trading was paused.

Altium had rejected a A$5.05 billion ($3.74 billion) takeover bid from Autodesk last month as too low, but said it would engage with interested parties and review all potential strategic alternatives. ($1 = 1.3510 Australian dollars) (Reporting by Savyata Mishra in Bengaluru; Editing by Subhranshu Sahu)

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