Private equity firm Sargon Capital to buy fintech Decimal Software
Private equity firm Sargon Capital has agreed to purchase 100% of the issued shares in Australian fintech firm Decimal Software.
Decimal has taken the decision for the sale after a strategic review, which determined that the proposal is superior to other available options.
As part of the agreed terms of the deal, Decimal shareholders will be entitled to receive 1.41 cents in cash for each share held.
The deal has received unanimous recommendation from the Decimal board and is expected to close in December this year, subject to shareholder and court approval.
The deal is also subject to the evaluation of an independent expert, who will assess if the deal serves the best interests of Decimal shareholders.
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