April 11 (Reuters) - Qantm Intellectual Property Ltd QIP.AX :
* QANTM WILL NOT MAKE A COUNTER-PROPOSAL TO ACQUIRE XENITH
* CONFIRMS THAT IT WAS INVITED BY XENITH TO PROVIDE A COUNTER-PROPOSAL TO MATCH TERMS OF IPH'S UPDATED PROPOSAL
* SAYS HAS NOTIFIED XENITH THAT IT WILL NOT BE SUBMITTING A REVISED PROPOSAL PRIOR TO THE DEADLINE
* SAYS HAS NOTIFIED XENITH THAT IT WILL NOT BE SUBMITTING A REVISED PROPOSAL PRIOR TO THE DEADLINE