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Published 1 year ago

Magnet Forensics shareholder Nellore challenges value of takeover deal

Summary by Ground News
Nellore Capital Management LLC founder and portfolio manager Sakya Duvvuru says if he and Magnet cannot reach a deal on the company's valuation, the matter will be decided through court proceedings. The takeover needed two-thirds of support from all investors and a majority of votes in favour from subordinate voting shareholders before it can seek approval.

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