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Why Did NSX Shareholders Embrace CNSX’s $0.04 Per Share Takeover?

9:37am on Friday 10th of October, 2025 AEDT Financial Services
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Why Did NSX Shareholders Embrace CNSX’s $0.04 Per Share Takeover?

9:37am on Friday 10th of October, 2025 AEDT
Key Points
  • Scheme of arrangement proposes CNSX affiliate to acquire all NSX shares not already owned
  • NSX Board unanimously recommends approval, supported by Independent Expert’s fair and reasonable opinion
  • Shareholders voted by poll with over 93% in favor of the Scheme Resolution
  • Key conditions include Federal Court approval and regulatory clearances
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