(Anaplan) Shares of Anaplan Inc. rose more than 26% in pre-market on Monday after agreeing to go private in a $10.7 billion deal by Thoma Bravo.
Anaplan is set to receive $66 per share in an all-cash transaction that gives the company’s stock about a 46% premium based on the weighted average price in the five days ending March 18, 2022.
Thoma Bravo Managing Partner Holden Spaht described Anaplan as a “clear leader,” promising to leverage extensive operational and investment expertise in support of the target’s future growth.
The transaction is expected to close in the first half of this year and has been approved by the board of directors of the company.
PLAN: NYSE is up +26.55% on premarket.
