Volpara recommends Korean takeover bid

Volpara CEO Teri Thomas. (Image: Supplied)

Thu, 14 Dec 2023

Wellington-based, ASX-listed Volpara Technologies’ board is recommending a takeover by scheme of arrangement by a smaller player in the artificial intelligence sector, Lunit.Shares in the artificial intelligence (AI) software developer leaped from 78 Australian cents at the close yesterday to A$1.11, just shy of the Lunit offer of A$1.15 a share.The company specialises in the early detection of breast cancer and reported this year it was close to breakeven, before the announcement of a US Food and Drug Administration ruling that will driv...

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