Autodesk Inc. (ADSK) has submitted a non-binding proposal for the acquisition of Altium Limited’s outstanding common shares for AUD$38.5. Altium develops software important to electric engineers and printed circuit board designers in creating connected and intelligent products. The proposed acquisition will enhance Autodesk’s strategy of creating a unified design, manufacturing and engineering cloud platform that enables improved productivity and sustainability for clients.  The proposed acquisition represents a 41.5% premium over the closing price of Altium on June 4, 2021, the day before the announcement of the proposal. Autodesk will finance the transaction through debt and cash.
https://www.tipranks.com/news/autodesk-proposes-to-snap-up-altium-limited-shares-up-3-8
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