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Dropsuite ( (AU:DSE) ) has issued an announcement.
Dropsuite Limited has announced the suspension of its shares from quotation on the Australian Securities Exchange (ASX) following the Federal Court of Australia’s approval of a scheme of arrangement. This scheme will see NinjaOne Australia Pty Ltd acquire all issued shares of Dropsuite. The suspension is a procedural step to facilitate the acquisition, with the company planning to request removal from the ASX official list post-implementation of the scheme, expected by the end of May 2025.
The most recent analyst rating on (AU:DSE) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Dropsuite stock, see the AU:DSE Stock Forecast page.
More about Dropsuite
Dropsuite Limited operates in the technology industry, providing cloud-based backup, archiving, and recovery solutions. The company focuses on helping businesses protect their digital assets and data integrity.
Average Trading Volume: 422,072
Technical Sentiment Signal: Buy
Current Market Cap: A$418.2M
For a thorough assessment of DSE stock, go to TipRanks’ Stock Analysis page.
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