Federal Court Approves Dropsuite’s Acquisition by NinjaOne

Dropsuite ( (AU:DSE) ) has issued an announcement.

Dropsuite Limited has announced that the Federal Court of Australia has approved its Scheme of Arrangement for the acquisition by NinjaOne Australia Pty Ltd. This approval marks a significant step in the acquisition process, as the scheme is expected to become legally effective upon lodging the court orders with the Australian Securities and Investments Commission. Once effective, Dropsuite shares will be suspended from trading on the ASX, and shareholders will receive a cash consideration of $5.90 per share. This development is a pivotal moment for Dropsuite, potentially impacting its market operations and shareholder value.

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 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: 421,331

Technical Sentiment Signal: Buy

Current Market Cap: A$418.2M

For detailed information about DSE stock, go to TipRanks’ Stock Analysis page.