Absolute Software announced that both leading independent proxy advisors, Institutional Shareholder Services Inc. and Glass Lewis & Co., have recommended Absolute shareholders vote FOR the plan of arrangement with Crosspoint Capital Partners, L.P. Absolute shareholders will receive an all-cash consideration of US$11.50 per share under the terms of the Arrangement, which represents a premium of approximately 34% to the closing price of Absolute common shares on the Nasdaq Global Market on May 10, 2023, and a premium of approximately 38% to the Company’s 30-day volume-weighted average price of the Shares on the NASDAQ for the period ending on May 10, 2023, being the last trading day on the NASDAQ prior to the execution of the Arrangement Agreement.
Published first on TheFly
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