SoftwareOne and Crayon Merger Gains Support from Proxy Advisors

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SoftwareOne and Crayon Merger Gains Support from Proxy Advisors

Crayon Group Holding ASA ( (CRAYF) ) has provided an update.

SoftwareOne Holding AG, a global software and cloud solutions provider, is set to hold an Extraordinary General Meeting (EGM) where shareholders are encouraged to support proposals that will facilitate a merger with Crayon. Proxy advisors ISS and Glass Lewis have endorsed the merger, highlighting its strategic benefits and potential synergies. The merger aims to enhance SoftwareOne’s global competitive position, accelerate growth, and improve profitability. The founding shareholders of SoftwareOne, holding 29% of the company’s share capital, have committed to voting in favor of the proposals, while Crayon’s Board of Directors also recommends acceptance of the offer.

More about Crayon Group Holding ASA

Crayon, headquartered in Oslo, Norway, operates in 45 countries with over 4,000 professionals. It specializes in IT optimization and innovation, focusing on strategic software acquisition, IT estate optimization, and maximizing returns on investments in cloud, data, and AI. Crayon has evolved from software procurement and asset management to being a trusted advisor in these areas.

YTD Price Performance: -0.46%

Average Trading Volume: 171

Technical Sentiment Signal: Strong Sell

Current Market Cap: $968.6M

For a thorough assessment of CRAYF stock, go to TipRanks’ Stock Analysis page.

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