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Shareholders Overwhelmingly Approve Transaction with Thoma Bravo
Kneat said the deal could boost customers and growth, while completion still depends on court approval and other closing conditions.
- On Wednesday, shareholders of Kneat.com Inc. voted 87% in favor of a $650-million takeover by private capital firm Thoma Bravo LP., despite vocal opposition from some shareholders.
- PenderFund Capital Management, which controls 9% of Kneat stock, opposed the deal amid a prolonged period of depressed valuations for Canadian software companies since 2021.
- Earlier this month, proxy advisory firms Institutional Shareholder Services and Glass Lewis & Co. endorsed the $6.50 per share deal, providing critical momentum for the board's recommendation.
- The transaction, structured as a plan of arrangement, awaits final approval by the Ontario Superior Court of Justice at a hearing next week, with closure expected soon after.
- Thoma has previously acquired Canadian firms including Dayforce Inc. and Magnet Forensic Inc., citing an 'enormous tailwind' in the software sector driven by artificial intelligence.
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14 Articles
14 Articles
The Globe & MailReposted by 
BizToc
BizTocKneat investors vote for Thoma Bravo buyout as exodus of TSX-listed software names continues
Investors vote 87 per cent in favor despite vocal opposition from some shareholders: ‘Unfortunately most Canadian investors seem to think a loonie in their pocket today is better than $10 five years from now’
·Toronto, Canada
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St Catharines Standard+11 Reposted by 11 other sources
Shareholders Overwhelmingly Approve Transaction with Thoma Bravo
LIMERICK, Ireland, July 30, 2026 (GLOBE NEWSWIRE) -- kneat.com, inc. (TSX: KSI) (OTCQX: KSIOF), (“Kneat” or the “Company”), the global leader in digital validation and quality process automation, today announced that, at its Special Meeting of Shareholders (the “Meeting”) held…
·Welland, Canada
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Total News Sources14
Leaning Left10Leaning Right2Center1Last UpdatedBias Distribution77% Left
Bias Distribution
- 77% of the sources lean Left
77% Left
L 77%
15%
Factuality
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