Entellect to decide on takeover offer on 3 Nov

Educational software developer Entellect Solutions (ASX:ESN) has revealed it will on 3 November advise shareholders on whether to accept the revised takeover offer from Mooter Media (ASX:MMZ).

Entellect is preparing the required target statement, which will contain the director's recommendations over the offer.

The board had advised shareholders to take no action while the response is prepared.

ESN and MMZ shares are unchanged at a respective $0.002 and $0.007.