Finzsoft shareholders urged to accept deal ASAP

Mon, 06 Apr 2020

An independent adviser has recommended Finzsoft Solutions shareholders accept a takeover deal and cash in their shares quickly since they will be compulsorily acquired anyway. FIN JV, an unincorporated joint venture led by Finzsoft managing director Andrew Holliday, offered $1.15 per share to take over the fintech minnow on March 10. The company had listed at 50 cents per share in 2000. The shares last traded at $1.13 today, having fallen almost 30 percent during the last year. The firm's independent directors recommended the deal...

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