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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

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Opmantek Limited advised on takeover offer

Firm: Baker McKenzie (Opmantek Limited).

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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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