Dropsuite Limited’s acquisition by NinjaOne Australia has been legally approved, triggering a suspension of trading on the ASX and a $5.90 per share cash payout to shareholders.
- Federal Court approves Dropsuite acquisition scheme
- Trading of Dropsuite shares suspended on ASX from May 14, 2025
- Shareholders to receive $5.90 cash per share on implementation
- Scheme consideration payment expected by May 30, 2025
- Timetable dates remain indicative and subject to change
Legal Approval Secures Acquisition Path
On May 14, 2025, Dropsuite Limited (ASX: DSE) confirmed that the Federal Court of Australia has formally approved the scheme of arrangement for its acquisition by NinjaOne Australia Pty Ltd. This legal milestone, lodged with the Australian Securities and Investments Commission, marks a critical step in the transaction’s progression, effectively clearing regulatory hurdles and setting the stage for the deal’s completion.
Trading Suspension Signals Transition
Following the court’s approval, trading of Dropsuite shares on the Australian Securities Exchange was suspended at the close of trading on May 14. This suspension reflects the transition period as the company moves from public ownership to becoming part of NinjaOne’s portfolio. For investors, this pause in trading underscores the finality of the acquisition process and the imminent payout.
Shareholders Set to Receive Cash Consideration
Under the terms of the scheme, Dropsuite shareholders will receive a cash payment of $5.90 per share. The record date to determine eligible shareholders is set for 7:00pm Melbourne time on May 16, 2025, with the payment expected to be made on or around May 30. This cash consideration provides a clear and immediate return for shareholders, reflecting the agreed valuation of the company within the acquisition deal.
Looking Ahead: Timetable and Market Implications
While the timetable is currently indicative and subject to change, the outlined dates provide a framework for the final stages of the acquisition. Market participants will be watching closely for any updates from Dropsuite or NinjaOne that could affect timing or terms. The acquisition consolidates NinjaOne’s position in the cloud software sector, potentially reshaping competitive dynamics in the space.
For Dropsuite, this marks the end of its journey as an independent ASX-listed entity, transitioning into a new phase under NinjaOne’s ownership. The deal’s completion will likely influence valuations and strategic positioning for both companies moving forward.
Bottom Line?
With legal approval secured and trading halted, Dropsuite’s acquisition ushers in a new chapter for shareholders and the cloud software market.
Questions in the middle?
- Will the acquisition timetable remain on track or face delays?
- How will NinjaOne integrate Dropsuite’s cloud backup technology?
- What are the long-term strategic plans post-acquisition for both companies?