After exercising the "go shop" provisions in KKR's offer, the MYOB board has concluded there is no better deal available.
KKR's offer was to purchase the portion of MYOB that it doesn't already own for $3.70 a share.
KKR already owned almost one-fifth of the company, having purchased a large tranche from Bain Capital Abacus Holdings.
The directors stated, subject to those qualifications, they would all vote all of their MYOB shares, along with any that they control, in favour of the scheme.
A booklet explaining the scheme will likely be sent to shareholders in mid to late March, ahead of a meeting provisionally timed for mid to late April.