Under the agreement, shareholders of the
Absolute shares were up
Including debt, the enterprise value of the deal was
The acquisition, which is expected to close in the second half of the year, is subject to shareholder, court and regulatory approvals as well as other customary closing conditions.
Absolute announced last month it was cutting about 40 jobs or about five per cent of its workforce as part of a restructuring plan to reduce its operating expenses.
This report by The Canadian Press was first published
Companies in this story: (TSX:ABST)
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