The Scheme Implementation Deed entered into between Casa Systems and NetComm (SID) contains customary terms and conditions on which NetComm and Casa Systems will implement the Scheme including FIRB approval, approval of NetComm shareholders, court approval, no material adverse change and no prescribed occurrences or material breach of warranty in relation to Casa Systems and NetComm. In addition, the SID contains certain exclusivity provisions commencing on 22 February 2019, including no shop restrictions, no talk restrictions and a matching right. The SID also details the limited circumstances under which a break fee may be payable by either party.Full details of the conditions to the Scheme and other agreed terms are set out in the SID, a copy of which is attached to this announcement.
does that mean there can’t be another bidder?
NTC Price at posting:
$1.07 Sentiment: Buy Disclosure: Held