Data solutions firm Talend will go private in a $2.4 billion all-cash deal with private equity firm Thoma Bravo, the companies said on Wednesday.
Shareholders of Talend, whose software helps businesses crunch large amounts of data, will receive $66 per ordinary share and ADS in cash.
The offer represents a premium of 28.7% to Talend’s last closing price.
The company, headquartered in Redwood City, California, counts AstraZeneca PLC, L’Oreal and Domino’s Pizza among its customers.
Qatalyst Partners is serving as financial adviser to Talend.
Source: Reuters.com