Zuora Enters Into Definitive Agreement To Be Acquired By Silver Lake And GIC For $1.7B; Zuora Stockholders To Receive $10.00 Per Share In Cash
Portfolio Pulse from Benzinga Newsdesk
Zuora, Inc. (NYSE:ZUO) has entered into a definitive agreement to be acquired by Silver Lake and GIC for $1.7 billion. Zuora stockholders will receive $10.00 per share in cash, representing an 18% premium to the company's unaffected closing stock price. The transaction will result in Zuora becoming a privately held company.
October 17, 2024 | 12:36 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Zuora, Inc. is set to be acquired by Silver Lake and GIC for $1.7 billion, with stockholders receiving $10.00 per share in cash. This represents an 18% premium over the unaffected closing stock price, and the company will become privately held.
The acquisition of Zuora by Silver Lake and GIC at a premium price is likely to positively impact the stock price in the short term as investors react to the premium offer. The transaction will result in Zuora becoming a privately held company, which typically leads to a stock price increase up to the acquisition price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100