
[ad_1]

© Reuters
By Sam Boughedda
Investing.com — It was announced Monday morning that software investment firm Thoma Bravo has struck a deal to acquire Anaplan Inc (NYSE:), a British enterprise software company.
The deal will see Thoma Bravo pay $66 per share in an all-cash transaction valued at roughly $10.7 billion. The offer represents about a 46% premium to the volume weighted average price of Anaplan stock for the five days ending March 18.
Anaplan shares rose 27% on the news. Once the deal is complete, Anaplan will become a privately held company.
Anaplan was founded in Yorkshire, England, in 2006, with its headquarters now in San Francisco, California.
Frank Calderoni, Anaplan’s Chairman and Chief Executive Officer, said: “This is a clear validation of our team’s outstanding work and the start of an exciting new chapter for Anaplan, our customers, and our partner ecosystem.
“We are confident that Thoma Bravo’s resources and insights will help us accelerate and scale our growth strategy.”
The deal is expected to close in the first half of this year.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
[ad_2]
Source link