By Stuart Condie 
 

SYDNEY--Altium Ltd. Chairman Sam Weiss said the software firm will continue to engage with Autodesk Inc. following its rejection of the Nasdaq-listed firm's takeover proposal on valuation grounds.

Mr. Weiss told an investor call on Friday that the board of Australia-listed Altium would continue to speak with Autodesk President and Chief Executive Andrew Anagost.

Altium this month rejected Autodesk's unsolicited proposal, which valued Altium's equity at about $3.91 billion and was described by analysts as opportunistic.

"As a public company, we are always mindful of shareholder value and we have no preconceived opposition to an acquisition," Mr. Weiss said. "However, we believe it should be at the point and at a price that reflects the unique value of Altium as a company and its demonstrated and future wealth creation potential."

 

Write to Stuart Condie at stuart.condie@wsj.com

 

(END) Dow Jones Newswires

June 17, 2021 20:31 ET (00:31 GMT)

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