Accident Compensation Corporation opposes Pushpay offer

Pushpay offers church management software. (Image: Pushpay)

Mon, 20 Feb 2023

The Accident Compensation Corporation has announced it will vote against the Pushpay takeover offer endorsed by its board of directors. US-based private equity investors Sixth Street and BGH Capital have offered to buy the church donations platform for $1.34 per share, and Pushpay’s independent directors have recommended shareholders vote in favour of the scheme of arrangement. ACC, which owns a 6.2% stake in the company, has dismissed the board’s recommendation and will vote against the scheme – unless there was a s...

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