Innodata withdraws proposal to acquire Appen; reiterates 20% revenue growth target

INNODATA INC

Withdrew confidential non-binding proposal to acquire all shares of Appen Limited (ASX:APX).
Proposal submitted on Feb 13, 2024; Appen disclosed it publicly on Mar 12 after ASX halt.
Innodata reaffirms guidance to outperform 20% revenue growth for 2024.
No deal consideration or premium disclosed; withdrawal due to confidentiality breach.

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