The Federal Court of Australia ordered that a meeting of Quickstep Holdings' (ASX:QHL) shareholders be held to decide on the company's proposed acquisition by defense company Asdam Operations, according to a Wednesday filing with the Australian bourse.
Quickstep'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 meeting is scheduled for April 14, the filing added.
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