Magnet Forensics shareholder Nellore challenges value of takeover deal by Thoma Bravo

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Nellore Capital Management LLC founder and portfolio manager Sakya Duvvuru says if he and Magnet cannot reach a deal on the company’s valuation, the matter will be decided through court proceedings.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

Holders of multiple voting shares gave the deal 100 per cent approval, while those with subordinate voting shares were 68.17 per cent in favour. When subordinate voting shareholders required under securities laws to be excluded from the count were omitted, the deal garnered 66.85 per cent support.

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