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Tag Archives: Bulletproof

Bulletproof calls out MacTel for asking shareholders to accept takeover offer

Australian-listed Bulletproof has written to shareholders asking they ignore a letter sent by Macquarie Telecom that “urges” they accept the offer it made to wholly acquire the cloud services firm. “Your independent board committee maintains its unanimous recommendation that you reject the Macquarie Telecom takeover offer of 11 cents per share and disregard materials sent to you by Macquarie Telecom,” ...

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Bulletproof board rejects Macquarie Telecom advances

(Image: Bulletproof) The independent expert appointed by the board of Bulletproof to evaluate the November AU$18 million offer for the company from Macquarie Telecom has declared that the offer is “not fair and not reasonable”, and low-balled Bulletproof’s valuation by one third. Consequently, the board has advised investors to ignore all documents sent from Macquarie BidCo. In November, ZDNet reported ...

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