Edenbrook Capital Sends Follow-Up Letter to Absolute Software Board
Retrieved on:
Tuesday, June 6, 2023
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Further, the Circular describes two amendments to the Credit Agreement, on March 30 and May 8, that raise troubling questions.
Key Points:
- Further, the Circular describes two amendments to the Credit Agreement, on March 30 and May 8, that raise troubling questions.
- With our target to attain a net debt to adjusted EBITDA ratio that's below 2 times in a two-year timeframe.
- As we've discussed, we're targeting a net debt to adjusted EBITDA ratio below 2 times in a two-year timeframe."
- The issues laid out in this letter and the May 18 Letter detail numerous flaws with the price and process related to the Proposed Acquisition.