K2fly has entered a Scheme Implementation Deed with Argyle Bidco, a wholly owned subsidiary of Accel-KKR, under which Accel-KKR will acquire 100% of the shares in K2fly by way of a Scheme of Arrangement for a consideration of $0.19 cash per share. The K2F Board has unanimously recommended the Scheme in the absence of a superior proposal and subject to an Independent Expert concluding the Scheme is in K2F shareholders’ best interests.
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