- OneVue Holdings (OVH) has received approval from the Federal Court of Australia for a scheme meeting
- In this meeting, shareholders will be deciding on the Iress (IRE) acquisition
- Earlier this year, Iress offered OneVue shareholder 40 cents per share
- OneVue board has unanimously recommended shareholders vote in favour of the deal
- The scheme meeting will be held virtually at 10:30 am AEST on Friday, October 9
- On the market this afternoon, OneVue is up 1.30 per cent and is trading for 39 cents, while Iress is down 4.12 per cent
OneVue Holdings (OVH) has received the tick of approval from the Federal Court of Australia for a scheme meeting.
In this meeting, shareholders will vote on the company’s proposed acquisition by Iress (IRE). In June, OneVue received a takeover bid from stock market software specialist Iress.
Iress has offered OneVue shareholders 40 cents per share. OneVue board has unanimously recommended shareholders vote in favour of the deal.
“Iress is a company we have significant respect for and we know they are committed to delivering high levels of service to our clients and are looking forward to working more closely alongside our clients and partners,” Managing Director Connie Mckeage said in June.
The scheme meeting will be held virtually at 10:30 am AEST on Friday, October 9.
“The court also approved the distribution to OneVue shareholders of an explanatory statement providing information about the scheme, the independent expert’s report and a notice of the scheme meeting (together, the scheme booklet),” the company explained.
On the market this afternoon, OneVue is up 1.30 per cent and is trading for 39 cents, while Iress is down 4.12 per cent at 2:20 pm AEST.