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Shareholders Overwhelmingly Approve Transaction with Thoma Bravo
Kneat said the deal could boost customers and growth, while completion still depends on court approval and other closing conditions.
- On Wednesday, shareholders of Kneat.com Inc. voted 87% in favor of a $650-million takeover by private capital firm Thoma Bravo LP., clearing a major hurdle toward completing the transaction.
- PenderFund Capital Management, controlling 9% of Kneat stock, opposed the deal, citing concerns about timing amid a prolonged software sector downturn that began after the 2021 pandemic tech bubble burst.
- Earlier this month, proxy advisory firms Institutional Shareholder Services and Glass Lewis & Co. endorsed the $6.50 per share deal, providing critical support to the board's recommendation.
- The plan of arrangement awaits final approval by the Ontario Superior Court of Justice at a hearing next week, with the transaction expected to close shortly thereafter.
- Thoma Bravo managing partner Orlando Bravo declared last month the software sector downturn was ending and said companies would benefit from an 'enormous tailwind' thanks to artificial intelligence.
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13 Articles
13 Articles
The Globe & MailReposted by 
BizToc
BizTocKneat investors vote for Thoma Bravo buyout as exodus of TSX-listed software names continues
Investors vote 87 per cent in favor despite vocal opposition from some shareholders: ‘Unfortunately most Canadian investors seem to think a loonie in their pocket today is better than $10 five years from now’
·Toronto, Canada
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St Catharines Standard+10 Reposted by 10 other sources
Shareholders Overwhelmingly Approve Transaction with Thoma Bravo
LIMERICK, Ireland, July 30, 2026 (GLOBE NEWSWIRE) -- kneat.com, inc. (TSX: KSI) (OTCQX: KSIOF), (“Kneat” or the “Company”), the global leader in digital validation and quality process automation, today announced that, at its Special Meeting of Shareholders (the “Meeting”) held…
·Welland, Canada
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Total News Sources13
Leaning Left9Leaning Right2Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
R 17%
Factuality
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