Absolute Software has agreed to be acquired by venture capital firm Crosspoint Capital Partners in a deal with an enterprise value of $870 million. Under the terms of the Arrangement Agreement, Absolute shareholders will receive $11.50 per Common Share in cash on completion of the Acquisition, corresponding to an enterprise value of approximately $870 million, inclusive of the debt. The cash consideration represents a premium of 34% and 38% to the closing price and 30-day … More
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