IT consulting company CSG, which has substantial operations in Perth, said today it has received additional takeover approaches after an indicative $340 million offer from an unnamed bidder last week.
Shares in CSG were up 6.5 cents, or 6.16 per cent, to $1.12 today.
The Darwin-based company on September 29 advised shareholders to take no action in relation to a non-binding, indicative and confidential bid of $1.20 per share.
CSG said today that it has "received approaches from parties expressing an interest in acquiring the company".
It continued to recommend that shareholders take no action.
"The board has decided to engage in discussions with interested parties in relation to a potential change of control transaction," CSG said in a statement.
"However, there is no certainty that such discussions will lead to an agreed transaction."
It has engaged Macquarie Capital as its financial adviser and DLA Piper as its legal adviser.
CSG has 200 staff in WA, according to WA Business News Book of Lsts, making it the 5th largest IT consulting firm in the state.
It has previously expanded through its own acquisitons, including Change Corp and Delexian in Perth.
