Ansarada Enters Scheme With Datasite

Feb 13, 2024

∙ Paid

Virtual room provider Ansarada Group Ltd (AND AU) has entered into a Scheme with Datasite, a leading global SaaS provider acquired by UK-based PE outfit CapVest Partners in 2020.
Datasite is offering A$2.50/share, in cash, a 19% premium to undisturbed and a lifetime high.
Apart from requiring Ansarada shareholder approval, the Scheme is conditional on FIRB and the carving out of certain assets to Ansarada's CEO. This transaction should complete in early June.

Keep reading with a 7-day free trial

Subscribe to Aussie/Kiwi M&A/Events to keep reading this post and get 7 days of free access to the full post archives.