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Opmantek Limited advised on takeover offer

Australia-based automated network management and IT audit solutions Opmantek Limited has been advised on the scrip takeover offer made by listed company FirstWave Cloud Technology Limited.

December 07, 2021 By Reporter
Opmantek Limited advised on takeover offer
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Firm: Baker McKenzie (Opmantek Limited).

Deal: Cyber security technology company FirstWave Cloud Technology Limited (ASX: FCT) has made a scrip takeover offer to Opmantek Limited, whose directors have recommended acceptance of the takeover offer (in the absence of a superior proposal).

Area: M&A.

Value: $62 million.

Key players: The Bakers team was led by partner Ben McLaughlin, who was supported by special counsel Tharani Dharmaraj and lawyer Rita Mikhael.

Deal significance: Mr McLaughlin said: “This transformational deal will enable FirstWave to integrate Opmantek’s software onto FirstWave’s CyberCision Open Security Management Platform and create an end-to-end solution for network discovery, management and cybersecurity.

“Opmantek’s network management platform further enhances FirstWave’s offering to customers.”

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