Tech to Be Bought by Thoma Bravo in $6.6 Billion Cash Deal said it would be acquired by private-equity firm Thoma Bravo in an all-cash deal that values at about $6.6 billion. stockholders will receive $330 a share in cash, a 67% premium over the company’s $197.72 closing price Thursday.

Upon completion of the deal,, an e-commerce shipping software company, will become a private company. said it will benefit from the operating capabilities, capital support and sector expertise of software and technology investor Thoma Bravo. said its board unanimously approved the agreement and recommends stockholders vote in favor of the deal at the special meeting that will be called.

The agreement includes a 40-day “go-shop” period expiring Aug. 18, which allows the board and its advisers to initiate, solicit and consider alternative acquisition proposals from third parties.

Source link

Welcome newszink, our seasoned writer. Newszink has been writing for a decade and is an expert at creating captivating and informative prose. His exceptional writing skills allow him to create fascinating stories that resonate with varied audiences across…

Related Posts

1 of 22