Magnet Forensics shareholder Nellore challenges value of takeover deal
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.
Published 2 months ago · N L R, India
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