Business services software company MYOB (ASX:MYO) is to allow shareholders the chance to vote on Kohlberg Kravis Roberts $2 billion takeover offer next month.
The Independent Expert, Grant Samuel & Associates concluded that the scheme of arrangement is fair and reasonable and in the best interests of MYOB Shareholders, in the absence of a superior proposal.
They assessed the full underlying value of MYOB at between $3.19 and $3.69 per MYOB share.
The KKR offer to acquire MYOB for $3.40 per share all cash consideration is within this range.
The Scheme Meeting will take place at 3:00pm Australian Eastern Standard Time on 17 April 2019.
Shares in MYOB (ASX:MYO) are trading flat at $3.36.