March 14 (Reuters) - Australian software firm Appen ( APPEF )

said on Thursday U.S.-based Innodata ( INOD ) has

withdrawn a non-binding indicative proposal for a buyout offer.

Appen ( APPEF ) had said on Tuesday the proposal offered A$0.70 worth

of Innodata ( INOD ) shares per share of the company, which at the time

represented "a premium in excess of 100% to its share price at

the time the indicative proposal was provided".

However, it had refused to provide the actual offer value

or the date on which proposal was made, citing confidentiality.

"Overnight, Innodata ( INOD ) informed Appen ( APPEF ) that it was withdrawing

the Indicative Proposal on the basis that it was intended to

remain confidential," Appen ( APPEF ) said.