Everbridge Will Be Acquired By Thoma Bravo In An All-cash Transaction Valuing Everbridge At Approximately $1.5B, For $28.60/Share In Cash
Portfolio Pulse from Benzinga Newsdesk
Everbridge, Inc. (EVBG) is set to be acquired by private equity firm Thoma Bravo in an all-cash transaction valued at approximately $1.5 billion. Shareholders of Everbridge will receive $28.60 per share in cash.
February 05, 2024 | 12:11 pm
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Everbridge, Inc. is being acquired by Thoma Bravo for approximately $1.5 billion, with shareholders receiving $28.60 per share in cash.
The acquisition of Everbridge by Thoma Bravo is a significant event for shareholders, as it provides a clear cash exit at a specified price per share. This typically results in a positive short-term impact on the stock price, as the market adjusts to the acquisition price. The all-cash nature of the deal provides immediate liquidity to shareholders, which is generally viewed favorably by the market.
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