Thoma Bravo To Close $2.3B Forgerock Deal As DOJ Passes On Suit
Portfolio Pulse from Benzinga Newsdesk
Private equity firm Thoma Bravo is set to close a $2.3 billion acquisition deal for ForgeRock (FORG) as the Department of Justice (DOJ) has decided not to pursue a lawsuit against the deal.
August 22, 2023 | 4:36 pm
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The DOJ's decision not to pursue a lawsuit against the Thoma Bravo-FORGE deal could potentially boost investor confidence in FORG.
The DOJ's decision to not pursue a lawsuit against the deal removes a significant potential obstacle, which could boost investor confidence in ForgeRock. This could potentially lead to a short-term increase in FORG's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100