Investment advisory firm Edenbrook Capital sent a letter to the board of Canada's Absolute Software Corp saying the deal for the company to be taken private by Crosspoint Capital Partners"significantly undervalues" the firm.
Edenbrook, which has a stake of 10.4 per cent in Absolute Software, said on Thursday the"transaction is unfair to public shareholders". Last week, Absolute Software agreed to be bought by Crosspoint for $657 mln and said its shareholders will receive $11.50 per share in cash.Shareholders are set to vote on the acquisition at a special meeting expected to be held in late June.
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
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