Bigtincan Shareholders Approve Acquisition by Vector Capital

Story Highlights
  • Bigtincan Holdings Ltd shareholders approved a scheme for acquisition by Big Wombat Pty Ltd.
  • The acquisition is pending court approval and could lead to Bigtincan’s shares being suspended from trading.
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Bigtincan Shareholders Approve Acquisition by Vector Capital

Bigtincan Holdings Ltd ( (AU:BTH) ) has issued an update.

Bigtincan Holdings Ltd announced that its shareholders and option holders have approved a scheme of arrangement allowing Big Wombat Pty Ltd, associated with Vector Capital Management, to acquire 100% of Bigtincan’s issued share capital. The approval marks a significant step in the acquisition process, with the schemes still subject to the Supreme Court of New South Wales’ approval. If approved, Bigtincan’s shares will be suspended from trading, and the schemes are expected to be implemented by April 23, 2025, potentially impacting stakeholders by transitioning the company to new ownership.

More about Bigtincan Holdings Ltd

Bigtincan Holdings Ltd operates in the technology industry, focusing on providing software solutions that enhance sales and marketing productivity. The company offers a range of products designed to improve customer engagement and streamline business processes, catering primarily to enterprises looking to optimize their sales operations.

YTD Price Performance: 7.50%

Average Trading Volume: 5,708,844

Technical Sentiment Signal: Sell

Current Market Cap: A$180.8M

For a thorough assessment of BTH stock, go to TipRanks’ Stock Analysis page.

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