Appen Shares Plummet on Failed Takeover
In major news on Australian stocks, shares of Appen Limited $Appen Ltd(APX.AU$ plummeted following the announcement of an update confirming the withdrawal of the takeover offer by the U.S.-based Innodata, Inc. $Innodata(INOD.US$ .
Innodata withdrew the offer due to a breach of confidentiality. Appen shares saw a decrease of 17.1% in Thursday’s trading session, while Innodata’s shares surged by over 8% yesterday.![]()
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LysanderOP : Don't tell me this happened to you a week ago!$Appen Ltd (APX.AU)$
Peterson111 : It's sad news.
EvanderAU : Is this true?
Liam Mitchell :