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Reckon engages Macquarie to assess options

Reckon has confirmed to the ASX it has engaged Macquarie Capital to “assess a range of strategic options for the company”.

News Staff Reporter 20 October 2015
— 1 minute read

Following speculation the company is readying for a takeover offer, Reckon took the step to release a statement to the ASX confirming it had engaged the services of Macquarie.

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“It is Reckon’s policy not to comment on market rumours or market speculation,” the statement read.

“However, the company notes the movement this morning in the Reckon share price and volume of shares traded which it assumes has occurred in response to the article.

“The board of Reckon does in the normal course of its business consider opportunities to maximise shareholder value.

“As part of that consideration Reckon has engaged Macquarie Capital in a process to assess a range of strategic options for the company.

“At present this process is at a stage which is indefinite and incomplete and there is presently no information which merits disclosure under the Listing Rules.

“Reckon will notify the market in the event that further disclosure is required in accordance with its continuous disclosure obligations under the ASX Listing Rules.”

It is unclear exactly what has prompted the action by Reckon or who may be interested in buying the company.

Reckon engages Macquarie to assess options
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