Absolute Software announces clearance for arrangement under FATA

Absolute Software announced that 1414364 B.C. LTD. has obtained a no objection notification under Australia’s Foreign Acquisitions and Takeovers Act 1975, or FATA, in connection with the previously announced acquisition of all of the outstanding shares of Absolute by the purchaser, an affiliate of Crosspoint Capital Partners, by way of a statutory plan of arrangement. Following clearance under the FATA, the arrangement remains subject to customary closing conditions and is expected to close later this month.