AC3 set to acquire Bulletproof
AC3 is set to acquire 100 per cent of cloud services provider Bulletproof after the company’s $0.152 per share offer received the blessing of Bulletproof’s independent board committee.
AC3 is set to acquire 100 per cent of cloud services provider Bulletproof after the company’s $0.152 per share offer received the blessing of Bulletproof’s independent board committee.
Macquarie Telecom has failed in its effort to have the Takeovers Panel force Bulletproof to commission a new independent expert’s report assessing MacTel’s acquisition offer for the cloud services company.
Bulletproof has confirmed that “a number of parties” have indicated an interest in acquiring the ASX-listed cloud services firm.
Macquarie Telecom today announced it has lodged an application with the Takeovers Panel seeking a “declaration of unacceptable circumstances and related orders” in the wake of a target’s statement (PDF) released in December by Bulletproof.
Macquarie Telecom is seeking to acquire cloud services provider Bulletproof, offering $0.11 per share for the voting shares that it doesn’t already hold.