From ASX announcement:

"27 May 2021: Dragontail Systems Limited (ASX: DTS, the “Company” or “Dragontail”), an innovative 
provider of technology solutions for the food industry, is pleased to announce that it has entered into a 
Scheme Implementation Deed with Yum! Connect Australia Pty Ltd (YCA), an entity controlled by Yum! 
Brands, Inc. (Yum), under which YCA undertakes to acquire 100% of the issued capital of the Company (on 
a fully diluted basis) for an aggregate consideration of A$93.5M (Transaction). The Transaction in respect 
of the fully paid ordinary shares of Dragontail (DTS Shares), which is to be implemented by way of a share 
scheme of arrangement (Scheme), is not subject to a finance condition.
The unsolicited offer was received by the Company just as the Company was realizing its pre-arranged 
plans to deepen its hold especially in the US while investing its best resources and intentions in realizing 
this potential
Under the terms of the Scheme, Dragontail shareholders will be entitled to receive A$0.235 per DTS Share 
(Scheme Consideration) subject to all applicable conditions being satisfied or waived and the Scheme 
being implemented.
The Dragontail Board of Directors unanimously recommends that all Dragontail shareholders vote in favour 
of the Scheme in the absence of a superior proposal and subject to an Independent Expert expressing an 
opinion that the Scheme is in the best interests of Dragontail shareholders."