Pushpay Holdings Limited has announced that Accident Compensation Corporation, which holds 6.2% of Pushpay's shares, intends to vote against the acquisition of Pushpay at NZ$1.34 per share by Pegasus Bidco Limited.
The Non-Conflicted Directors have recommended that shareholders vote in favour of the Scheme, and have undertaken to vote their own shares in favour.
They believe that the Scheme represents the most compelling risk adjusted value for shareholders and that no superior proposal is likely to emerge.
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