Credit reporting group, Veda (VED) is expected to reveal a higher offer today from US credit reporter, Equifax, after its shares went into a trading halt yesterday.
The shares closed at $2.65 last Friday before the long weekend.
The announcement this morning is expected to reveal that US suitor Equifax has increased the $2.70 a share takeover offer it made last month which values the Veda at $2.3 billion.
Veda is Australia’s largest credit reporting agency and its shares were trading at just under $2 when the Equifax offer was revealed last month.
That saw Veda shares up 32.8% per cent to $2.65 per share to give it a market capitalisation of $2.24 billion.
The question will be if the new offer is enough to win support from the Veda board?
