Overview of QANTM's response to acquisition proposal

QANTM Intellectual Property Limited (ASX: $QIP) has confirmed the receipt of a non-binding indicative proposal from Rouse International Holdings Limited (Rouse) regarding a potential acquisition of all its shares. Rouse, a UK-based international intellectual property firm, has emphasized its interest in the Asia Pacific region, presenting a proposal subject to various conditions, including due diligence and transaction documentation. The QANTM Board has agreed to conduct due diligence in consideration of the potential strategic benefits of combining the two businesses, while advising shareholders to take no immediate action.

Executive commentary on the acquisition proposal

The QANTM Board has acknowledged the non-binding indicative proposal from Rouse International Holdings Limited and has decided to proceed with due diligence to evaluate the potential benefits of the proposed acquisition. At this early stage, no certainty exists regarding the finalization of a transaction capable of being considered by shareholders. QANTM remains committed to complying with the ASX Listing Rules and will keep shareholders informed in line with its continuous disclosure obligations. The appointment of MA Moelis Australia as financial adviser and Gilbert + Tobin as legal adviser reflects our dedication to navigating this proposal with diligence and transparency.

Summary of QANTM's response and outlook

QANTM Intellectual Property Limited (ASX: $QIP) has confirmed the receipt of a non-binding indicative proposal from Rouse International Holdings Limited, prompting the decision to conduct due diligence to assess the potential benefits of the proposed acquisition. While emphasizing the early stage nature of discussions and the absence of certainty regarding a transaction capable of being considered by shareholders, QANTM remains committed to keeping shareholders fully informed in accordance with its continuous disclosure obligations. The company's appointment of financial and legal advisers underscores its dedication to navigating this proposal with diligence and transparency. Shareholders are advised to take no immediate action, and QANTM reaffirms its compliance with the ASX Listing Rules.