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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
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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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National Stock Exchange Of Australia (ASX:NSX)
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