Q4 Says Criticism of Sale Plan Is ‘Naive’ as Investor Vote Nears
The Toronto Stock Exchange.
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Financial software provider Q4 Inc. is firing back at a major shareholder that’s been waging a campaign against its proposed sale to a private equity firm as the deadline nears for investors to make their decision.
Toronto-based Q4 agreed to a bid by Sumeru Equity Partners LP in November, but has run into opposition from Finsight Group Inc., which says the C$6.05-per- share offer undervalues the company.