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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 £163.9m
Position in Universe th / 6827

Private equity firm Vista to buy software company Apptio for $1.9 bln - WSJ

Mon 12th November, 2018 2:42am
Nov 11 (Reuters) - Private equity firm Vista Equity Partners
is close to a deal to buy software company Apptio Inc  APTI.O 
for $1.9 billion, the Wall Street Journal reported on Sunday.
    Shareholders of Apptio would receive $38 per share in the
deal that could be announced as soon as Monday, the Journal
reported https://www.wsj.com/articles/vista-nears-deal-to-buy-software-firm-apptio-for-1-9-billion-1541988001?mod=searchresults&page=1&pos=1,
 citing people familiar with the matter.
    Vista and Apptio did not immediately respond to Reuters'
requests for comment late on Sunday.
    Shares of Bellevue, Washington-based Apptio closed at $24.85
on Friday, and the reported offer price would represent a
premium of about 53 percent. 

 (Reporting by Ismail Shakil in Bengaluru; Editing by Sunil
Nair)
 ((ismail.shakil@thomsonreuters.com; Within U.S. +1 646 223
8780, outside U.S. +91 80 6749 3538; Reuters Messaging:
ismail.shakil.thomsonreuters.com@reuters.net))
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