Edenbrook Capital Sends Letter To Absolute Software Board; Says Proposed Crosspoint Transaction Undervalues Company
Portfolio Pulse from Benzinga Newsdesk
Edenbrook Capital, a major shareholder of Absolute Software with a 10.38% stake, has sent a letter to the company's board expressing concerns that the proposed Crosspoint transaction undervalues the company.
May 18, 2023 | 8:38 pm
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Edenbrook Capital, a major shareholder of Absolute Software, believes the proposed Crosspoint transaction undervalues the company, potentially affecting the stock price.
As a major shareholder, Edenbrook Capital's concerns about the proposed Crosspoint transaction undervaluing Absolute Software could lead to increased scrutiny and potential downward pressure on the stock price in the short term.
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