Response to media speculation
| Stock | Iress Ltd (IRE.ASX) |
|---|---|
| Release Time | 8 Aug 2025, 9:21 a.m. |
| Price Sensitive | Yes |
Iress responds to media speculation on acquisition interest
- Iress confirms receiving prior acquisition offer from Blackstone at A$10.50 per share
- Iress currently in early engagement with Blackstone and Thoma Bravo on potential offers
- No certainty any proposal or offer will be forthcoming or lead to a binding transaction
Iress Ltd (ASX:IRE) has confirmed that it had received a prior acquisition offer from Blackstone at a price of A$10.50 cash per share, which was subsequently withdrawn. The company is now in the early stages of engagement with Blackstone and Thoma Bravo to ascertain whether an offer can be made that can be recommended by the Iress Board. However, Iress has stated that there can be no certainty that any proposal or offer will be forthcoming from either party, or that any offer, if received, will lead to a binding transaction. Iress shareholders are advised not to take any action at this time. The Iress Board remains fully committed to acting in the best interests of, and maximising value for, Iress shareholders, and will update the market in accordance with its continuous disclosure obligations. Iress is scheduled to release its 2025 Half Year Financial Results on 11 August 2025.