Australian company chiefs have broadly backed a firm stance on national security risks posed by China.
The accounting software firm has knocked back calls from a new major shareholder to no longer back the takeover bid by private equity giants KKR.
Accounting software provider MYOB's revenue growth has slowed as shareholders prepare to vote on the proposed private equity takeover by KKR.
Australian accounting software business MYOB Group has recommended shareholders accept a buyout bid from KKR&Co after a cut in the offer.
Private equity giant KKR has lowered its bid for accounting software platform MYOB to $3.40 a share.
US private equity firm KKR has sweetened its bid for accounting software platform MYOB to $3.77 a share,valuing the company at $2.2 billion.
The barbarians are at the MYOB gates. Chairman Justin Milne and the board will have to decide whether to let them inside the building.
MYOB Group says it's business as usual as it considers a $1.75 billion buyout offer from private equity firm KKR&Co.
The controversy engulfing ex-ABC chairman Justin Milne could affect his positions on several other corporate boards,experts say.
MYOB scrapped the planned $180 million purchase as the regulatory process had taken longer than expected.