Vote on Count acquisition of Diverger scheduled

Count Limited’s acquisition of Diverger is scheduled to complete early in the new year with Diverger shareholders scheduled vote on the transaction on 23 January.

The two companies announced to the Australian Securities Exchange (ASX) that Federal Court had made orders to convene a meeting of Diverger shareholders to consider a vote on the scheme of arrangement.

Under the scheme, Diverger shareholders will receive a default implied consideration of $1.42 per Diverger share comprising 40 cents cash and 1.55 Count shares for each Diverger share.

The ASX announcement said that an explanatory booklet was expected to be sent to Diverger shareholders on or before Thursday, next week.