Everbridge Enters into Amended Merger Agreement with Thoma Bravo at $35.00/Share in Cash, an Increase of $6.40/ Share
Portfolio Pulse from Benzinga Newsdesk
Everbridge, Inc. (NASDAQ:EVBG) and Thoma Bravo have amended their merger agreement, increasing the acquisition price to $35.00 per share in cash, which is $6.40 higher than the original price. This adjustment reflects a significant increase in the valuation of Everbridge by Thoma Bravo.
March 01, 2024 | 11:02 am
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POSITIVE IMPACT
Everbridge's acquisition price has been increased to $35.00 per share by Thoma Bravo, marking a $6.40 increase from the original offer.
The increase in the acquisition price directly impacts Everbridge's valuation, making this news highly relevant and important for investors. The positive adjustment in the offer price is likely to be viewed favorably by the market, potentially leading to a short-term increase in EVBG's stock price. The confidence level is high due to the clear and direct nature of the news.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100