Onthehouse Holdings
(ASX:OTH) has received a revised, non-binding conditional takeover proposal from a consortium of 77 Victoria Street Trust and Macquarie unit PIQ1 Pty Limited.
The sweetened offer now stands at 85 cents per Onthehouse share, valuing the company at $70.2 million.
Onthehouse rejected a bid from the consortium in December of 75.5 cents per share, on the ground that it materially undervalued the company.
The consideration payable under the revised proposal is expressed to be final. The consortium has requested an opportunity to undertake confirmatory due diligence.
Onthehouse Holdings recorded a net loss of $4.26 million at 31 December 2015.
