Bigtincan Holdings Limited (ASX:BTH) Announces Proposed Acquisition and Option Scheme
Proposed Acquisition
Bigtincan Holdings Limited (ASX:BTH) has announced a proposed acquisition by Big Wombat Pty Ltd, a fund managed by Vector Capital Management, to acquire 100% of BTH’s issued share capital for $0.22 per share.
Scheme Details
The acquisition involves a Scheme of Arrangement for cash consideration and the cancellation of certain issued options. Shareholders and optionholders are scheduled to vote on the Share Scheme and Option Schemes through meetings held on 3 April 2025.
Board Recommendation
The Bigtincan Board unanimously recommends that shareholders vote in favour of the schemes, concluding there is no superior proposal. Independent experts have deemed the schemes fair and in the best interests of shareholders and optionholders.
Timetable
If approved, the scheme is expected to receive court approval on 8 April 2025 and become effective on 23 April 2025, with BTH’s trading on ASX to be suspended upon approval.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Bigtincan. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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