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An update from Dropsuite ( (AU:DSE) ) is now available.
Dropsuite Limited announced that its shareholders have approved an acquisition by NinjaOne Australia Pty Ltd through a scheme of arrangement. With 99.95% of votes in favor, the scheme is now pending court approval and other conditions. If approved, Dropsuite shares will be suspended from trading, and shareholders will receive a cash consideration of A$5.90 per share. This acquisition is expected to impact Dropsuite’s operations by integrating with NinjaOne, potentially enhancing its market position and offerings.
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 making it a preferred choice for leading IT Service Providers globally.
Average Trading Volume: 457,167
Technical Sentiment Signal: Buy
Current Market Cap: A$415.4M
See more insights into DSE stock on TipRanks’ Stock Analysis page.