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Dropsuite ( (AU:DSE) ) has provided an update.
Dropsuite Limited has entered into a Scheme Implementation Deed with NinjaOne, under which NinjaOne will acquire 100% of Dropsuite’s shares at A$5.90 per share, valuing the company at approximately A$420 million. The acquisition represents a significant premium over current share prices, and the Dropsuite Board unanimously recommends the deal to shareholders, highlighting enhanced capabilities and global reach as key benefits of the merger.
More about Dropsuite
Dropsuite Limited is a global provider of cloud backup and archiving software solutions. The company focuses on delivering data protection services to businesses, enhancing their ability to securely store and manage information. Dropsuite operates in the cloud services industry, providing essential tools for data security and compliance.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $194.3M
Find detailed analytics on DSE stock on TipRanks’ Stock Analysis page.
