Thoma Bravo to Buy in $ 6.6 Billion Cash Deal said it would be acquired by private equity firm Thoma Bravo in a cash deal that values ​​ at approximately $ 6.6 billion. shareholders will receive $ 330 per share in cash, a 67% premium over the company’s closing price of $ 197.72 on Thursday.

After the deal is finalized,, an e-commerce submission software company, will become a private company. said it will benefit from Thoma Bravo’s technology and software investor business capabilities, capital support and industry expertise. said its board of directors unanimously approved the deal and recommends that shareholders vote in favor of the deal at the special meeting to be convened.

The agreement includes a 40-day “buy-in” period expiring on August 18, allowing the board and its advisors to initiate, solicit, and consider alternative third-party acquisition proposals.

Source: WSJ

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