Dropsuite (DSE AU): 9th May Vote On NinjaOne's Offer
On the 28th January 2025, Dropsuite Ltd (DSE AU), a backup, recovery and protection software company, entered into a Scheme Implementation Deed with Texas-based IT automation outfit NinjaOne.
NinjaOne's A$5.90/share Offer was a 34.1% premium to undisturbed. The Offer had the backing of Dropsuite's largest shareholder, Topline Capital (31% - at the time!). Board/management held a further 9%.
The Scheme Booklet is now out, with a Court Meeting on the 9th May, and expected payment on or before the 30th May. The IE (BDO) says "fair & reasonable".
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