Pushpay shareholders block $1.5b buyout

Pushpay shareholders block $1.5b buyout
(Image: Supplied)
Dan Brunskill
BGH Capital and Sixth Street’s bid to take Pushpay Holdings private at $1.34 a share has failed, with a third of proxy votes opposing the deal. Pushpay said it received proxy votes for 80% of the total number of shares on issue, with only 67% of those voted in favour of the scheme of arrangement.“Absent a material change in the votes of shareholders who have already cast proxy votes, the scheme will not receive the required 75% majority,” the company said in a statement.The stock has been in a trading halt since midd...

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