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APTI - Apptio Inc News Story

$37.97 0.0  0.0%

Last Trade - 09/01/19

Sector
Technology
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £163.0m
Position in Universe th / 6851

BRIEF-Apptio To Be Acquired By Vista Equity Partners For $1.94 Bln

Mon 12th November, 2018 3:17am
Nov 11 (Reuters) - Apptio Inc  APTI.O :
    * APPTIO ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY
VISTA
EQUITY PARTNERS FOR $1.94 BILLION
    * APPTIO SHAREHOLDERS WILL RECEIVE $38.00 IN CASH PER SHARE
    * MERGER AGREEMENT INCLUDES A 30 DAY "GO-SHOP" PERIOD
    * APPTIO'S HEADQUARTERS WILL REMAIN IN BELLEVUE, WITH
REGIONAL
OFFICES ACROSS US, EMEA AND APAC
    * TRANSACTION IS EXPECTED TO CLOSE IN Q1 2019 AND IS NOT
SUBJECT
TO A FINANCING CONDITION
    * QATALYST PARTNERS SERVING AS EXCLUSIVE FINANCIAL ADVISOR
TO CO
AND WILSON SONSINI GOODRICH & ROSATI IS SERVING AS LEGAL ADVISOR
TO CO
    * VISTA'S LEGAL ADVISOR IS KIRKLAND & ELLIS LLP

Source text for Eikon:  ID:nPn1Sw72Xa 
Further company coverage:  APTI.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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