Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Dropsuite ( (AU:DSE) ) has shared an update.
Dropsuite Limited has announced the legal effectiveness of its acquisition by NinjaOne Australia Pty Ltd through a scheme of arrangement, following the approval by the Federal Court of Australia. As a result, trading of Dropsuite shares on the ASX will be suspended, with shareholders entitled to receive a cash consideration of $5.90 per share. This acquisition is expected to impact Dropsuite’s operations by integrating with NinjaOne, potentially enhancing its market position and offering benefits to its stakeholders.
The most recent analyst rating on (AU:DSE) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Dropsuite stock, see the AU:DSE Stock Forecast page.
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: 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.