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Dropsuite ( (AU:DSE) ) just unveiled an update.
Dropsuite Limited has received approval from the Foreign Investment Review Board for its proposed acquisition by NinjaOne Australia Pty Ltd, marking a significant step forward in the scheme of arrangement. The approval satisfies a key condition precedent, with the scheme now awaiting shareholder and court approvals. Dropsuite’s directors unanimously recommend shareholders vote in favor of the scheme unless a superior proposal arises. Additionally, the Australian Securities and Investments Commission has granted Dropsuite an extension to hold its Annual General Meeting, aligning it with the scheme’s expected implementation timeline.
More about Dropsuite
Dropsuite is a cloud software platform that enables businesses to easily backup, recover, and protect their important business information. The company’s commitment to advanced, secure, and scalable cloud technologies positions it at the forefront of the industry, making it a preferred choice for leading IT Service Providers globally.
Technical Sentiment Signal: Sell
Current Market Cap: $267.7M
For a thorough assessment of DSE stock, go to TipRanks’ Stock Analysis page.