Job ad player Seek to acquire Xref for around A$41M – not much higher than current worth

The Market Herald11-14 07:01

The Board of employee reference check tech player Xref (ASX:XF1) have recommended shareholders accept Seek’s takeover offer. Seek Ltd (ASX:SEK) – perhaps Australia’s best-known jobs ad platform – has...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJob ad player Seek to acquire Xref for around A$41M – not much higher than current worth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 07:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/job-ad-player-seek-to-acquire-xref-for-around-a41m-not-much-higher-than-current-worth-2024-11-14/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Board of employee reference check tech player Xref (ASX:XF1) have recommended shareholders accept Seek’s takeover offer. \nSeek Ltd (ASX:SEK) – perhaps Australia’s best-known jobs ad platform – has...</p>\n\n<a href=\"https://themarketonline.com.au/job-ad-player-seek-to-acquire-xref-for-around-a41m-not-much-higher-than-current-worth-2024-11-14/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SEK.AU","symbol_name":"SEEK LTD","start_time":0,"source_url":"https://themarketonline.com.au/job-ad-player-seek-to-acquire-xref-for-around-a41m-not-much-higher-than-current-worth-2024-11-14/","article_id":"2483619658","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483619658","pubTimestamp":1731538860,"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"The Board of employee reference check tech player Xref  have recommended shareholders accept Seek’s takeover offer.Seek Ltd  – perhaps Australia’s best-known jobs ad platform – has made a final offer for the company at 21.8cps.That makes the market cap of Xref around $37M; Seek’s 21.8cps offer represents a marginally higher deal around A$41M. That, Xref’s Board has said, is good enough.“The Directors of Xref unanimously recommend shareholders vote in favour of the Scheme, and each Xref director intends to vote their Xref shares in favour of the Scheme,” the Board wrote on Thursday.That’s “in the absence of a superior proposal and subject to an independent expert concluding  that the Scheme is in the best interests of Xref shareholders.”It’s obvious why Seek might be interested in Xref – especially as Australia’s job market continues looking strong.Join the discussion: See what HotCopper users are saying about Xref Ltd and be part of the conversations that move the markets.","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"SEK.AU":"SEEK LTD","BK7002":"互动媒体与服务","XF1.AU":"XREF LTD","BK7016":"应用软件"},"translate_title":"招聘广告播放器寻求以约4100万澳元收购Xref——比当前价值高不了多少","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SEK.AU":1,"XF1.AU":1},"content_text":"The Board of employee reference check tech player Xref (ASX:XF1) have recommended shareholders accept Seek’s takeover offer. \nSeek Ltd (ASX:SEK) – perhaps Australia’s best-known jobs ad platform – has made a final offer for the company at 21.8cps. \nAt close on Wednesday, shares were 20.5cps. \nThat makes the market cap of Xref around $37M; Seek’s 21.8cps offer represents a marginally higher deal around A$41M. That, Xref’s Board has said, is good enough. \n “The Directors of Xref unanimously recommend shareholders vote in favour of the Scheme, and each Xref director intends to vote their Xref shares in favour of the Scheme,” the Board wrote on Thursday.\nThat’s “in the absence of a superior proposal and subject to an independent expert concluding (and continuing to conclude) that the Scheme is in the best interests of Xref shareholders.”\nIt’s obvious why Seek might be interested in Xref – especially as Australia’s job market continues looking strong. \nWith that said: applications per job ad fell in Oz recently fell for the first time in 2 years according to Seek data released Wednesday. \nBut that decline was only -0.9% and could prove to disappear as Christmas casual jobs feed into the data. \n(Or maybe not.)\nXF1 last traded at 20.5cps. \nJoin the discussion: See what HotCopper users are saying about Xref Ltd and be part of the conversations that move the markets.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483619658"}