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Investor Edenbrook Capital says Absolute Software's take-private deal undervalues company

(Reuters) - Investment advisory firm Edenbrook Capital sent a letter to the board of Canada's Absolute Software Corp saying the deal for the company to be taken private by Crosspoint Capital Partners "significantly undervalues" the firm.

Edenbrook, which has a stake of 10.4% in Absolute Software, said on Thursday the "transaction is unfair to public shareholders".

Last week, Absolute Software agreed to be bought by Crosspoint for $657 mln and said its shareholders will receive $11.50 per share in cash.

Absolute Software and Crosspoint did not immediately respond to requests for comment.

Shareholders are set to vote on the acquisition at a special meeting expected to be held in late June.

(Reporting by Aishwarya Nair in Bengaluru)