Dropsuite ( (AU:DSE) ) has issued an announcement.
Dropsuite Limited has announced the registration of its Scheme Booklet with the Australian Securities and Investment Commission, which details the proposed acquisition of all issued shares by NinjaOne Australia Pty Ltd through a scheme of arrangement. The Independent Expert’s Report within the booklet concludes that the scheme is fair, reasonable, and in the best interests of Dropsuite shareholders, with a proposed cash consideration per share exceeding the assessed value range. The Dropsuite Board unanimously recommends that shareholders vote in favor of the scheme, with a meeting scheduled for May 9, 2025, to consider and vote on the proposal. This acquisition is likely to impact Dropsuite’s operations and market positioning, with potential implications for stakeholders.
More about Dropsuite
Dropsuite is a cloud software platform that enables businesses to easily backup, recover, and protect their important business information. The company is committed to advanced, secure, and scalable cloud technologies, positioning itself at the forefront of the industry and being a preferred choice for leading IT Service Providers globally.
Technical Sentiment Signal: Sell
Current Market Cap: $252.6M
For detailed information about DSE stock, go to TipRanks’ Stock Analysis page.