ForgeRock shares are trading higher after it was reported that Thoma Bravo will close its acquisition after the DOJ passed on a suit to block the deal.
Portfolio Pulse from Benzinga Newsdesk
Thoma Bravo is set to close its acquisition of ForgeRock as the Department of Justice (DOJ) has decided not to block the deal. This news has led to an increase in ForgeRock's share price.
August 22, 2023 | 4:38 pm
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ForgeRock's shares are trading higher following the news that Thoma Bravo's acquisition will proceed unimpeded by the DOJ.
The DOJ's decision not to block Thoma Bravo's acquisition of ForgeRock has led to a surge in ForgeRock's share price. This is because the acquisition is likely to provide ForgeRock with additional resources and support, which could enhance its market position and profitability.
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