Everbridge shares are trading higher after the company announced it will be acquired by Thoma Bravo for $1.5 billion.
Portfolio Pulse from Benzinga Newsdesk
Everbridge shares surged following the announcement of its acquisition by Thoma Bravo for $1.5 billion.
February 05, 2024 | 2:23 pm
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POSITIVE IMPACT
Everbridge's stock price is expected to rise in the short term due to the acquisition announcement by Thoma Bravo for $1.5 billion.
Acquisition announcements typically lead to an increase in the stock price of the company being acquired due to the premium paid over the market price. In this case, Everbridge's acquisition by Thoma Bravo for $1.5 billion is likely to have a positive impact on EVBG's stock price in the short term.
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