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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ServiceNow targets enterprise-software startups with $1 billion investment in venture armCloud-computing firm ServiceNow Inc said on Wednesday it would invest $1 billion in its venture arm by 2026 to back enterprise software-focused startups in artificial intelligence and automation, among others.The investment in ServiceNow Ventures comes at a time when funding for early-stage technology com
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Software company New Relic in talks to be sold - WSJPrivate-equity firms Francisco Partners and TPG are working together on a $5 billion-plus bid to acquire software company New Relic, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. New Relic did not immediately respond to a Reuters request for comment.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »