$A peacemaker in battle for ISS?

The Australian dollar could be the peacemaker in the takeover tiff for ISS with its biggest institutional shareholder demanding that the US bidder sweeten its offer for the oil & gas IT software developer.

The Australian dollar could be the peacemaker in the takeover tiff for ISS with its biggest institutional shareholder demanding that the US bidder sweeten its offer for the oil & gas IT software developer.

P2ES Holdings is offering 33 cents a share for ISS but Microequities Asset Management, which has increased its stake in ISS to nearly 10% since the offer, sees this as a low ball offer and is holding out for 40 cents a share.

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