The benchmark petered out on Friday, with SaaS firms still out of favour.
However, the retailer’s boss says any drawdown will be ‘petty cash’ for the company.
Large format retail investor has increased its debt headroom by $100m to fund the purchase, with an offer to raise up to $62.5m in convertible notes.
Firm sees investment company attractively priced with opportunities for its datacentre and US energy holdings.
Executives forfeit short-term incentives ‘in light of the group’s poor financial performance’.
The company is trading at a record-high multiple, analysts say.
Chair David Kirk says the company is materially undervalued.
The Aussie PE abandoned a board spill attempt at the listed cinema software business last November.
Mark Bregman says it ‘stings’ to no longer be on Rakon's board, but he has shared some lessons learned.
The board said it had received Chris Kinraid’s resignation with ‘sincere regret’.
