Diligent shareholders vote in favour of takeover by Insight Venture Partners

Tue, 12 Apr 2016

By Fiona Rotherham April 13 (BusinessDesk) - Shareholders of New York-based Diligent Corp have voted in favour of a takeover by venture capital firm Insight Venture Partners at a special shareholders’ meeting in Auckland this morning, despite fiery opposition by New Zealand retail shareholders. It means the company will delist from the NZX tomorrow after a decade and the deal will then close on Friday. The outcome of today’s vote was a foregone conclusion given the majority required – over 50 percent – had already voted in favour by p...

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