The Supreme Court of New South Wales ordered that a meeting of Bigtincan Holdings' (ASX:BTH) shareholders be held to decide on the company's proposed acquisition by Big Wombat, an entity owned by a fund managed by Vector Capital Management, according to a Thursday filing with the Australian bourse.
BTH's directors recommend shareholders vote in favor of the scheme, subject to the absence of a superior proposal and an independent expert's conclusion that it is in the best interests of shareholders, the filing said.
The court also ordered BTH's shareholders to meet to decide on the cancellation of certain issued options of BTH, the filing added.
The meetings are scheduled for Thursday, April 3, the company said.
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