by Investing.com – Altus Group Limited (TSX: AIF), a Canadian software and data analysis provider for the real estate sector, investigates a possible sale after receiving acquisition interest, according to Reuters, stating two sources that are familiar with the issue.
The company established in Toronto, which has a market capitalization of C $ 2.3 billion, has engaged investment bankers who have contacted potential buyers in recent weeks, according to the sources on Tuesday. Private Equity companies are expected to be one of the interested parties that may be able to take Altus private.
Altus Group offers software, data solutions and independent advisory services to the commercial real estate sector. Her Argus platform enables customers to carry out real estate valuations, cash flow modeling and portfolio management.
The shares of the company have fallen by 5.1% in the last six months.
The sources, which spoke on condition of anonymity because of the confidential nature of the discussions, emphasized that no deal is guaranteed and Altus can ultimately decide to remain independent.
After the news, Altus shares has risen by 1.4% in the trade in Toronto.
Related articles
Altus Group investigates the potential sale after acquisition interest, reports Reuters, reports
Risks rise? Smart Money avoided 46%+ drawings on these high -flying names
7 undervalued shares rise by 50%+ upward potential
