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APTI - Apptio Inc News Story

$37.97 0.0  0.0%

Last Trade - 09/01/19

Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £162.5m
Position in Universe th / 6847

BUZZ-Apptio: Analysts downgrade as 'go-shop' period ends without bids

Tue 11th December, 2018 11:46am
** Jefferies and RBC Capital Markets downgraded Apptio's
 APTI.O  shares after a 30-day "go-shop" period ended without
any bids to challenge Vista Equity's $1.94 bln offer
    ** PE firm Vista Equity Partners said on Nov. 11 it would
buy the software company for $38/shr*:nL4N1XN204
    ** Apptio said financial adviser Qatalyst Partners contacted
17 strategic parties and 21 financial sponsors in past 30 days,
with 2 potential bidders signing confidentiality agreements*:nFWN1YF0WK
    ** Jefferies cuts APTI to "hold" and PT to $38, following
RBC's downgrade to "sector perform" on Monday
    ** APTI closed at $37.85 Monday and has traded between
$37.60 and $38.41 in the 19 trading days since the deal

 (Reporting by Savio D'Souza)
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