|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||280.65 - 287.13|
|52 Week Range||159.54 - 483.13|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Renewable energy developer Genex Power Ltd said on Wednesday it received a sweetened buyout offer of about A$346.3 million ($243.10 million) from a consortium led by Atlassian co-founder Scott Farquhar. The consortium, which includes Farquhar's Skip Essential Infrastructure Fund and Stonepeak Partners, raised its offer to 25 Australian cents per share from 23 Australian cents apiece. The latest bid represents a 13.6% premium to Genex's last close.
Software growth stocks are still looking for a catalyst as the sector lags the S&P 500. Estimates could be revised down in the next quarterly earnings reports.
Atlassian shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 69 to 87.