Apptio Inc logo

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 £162.4m
Position in Universe th / 6857

UPDATE 1-Software firm Apptio to be bought by Vista Equity Partners for $1.94 bln

Mon 12th November, 2018 3:35am
(Changes source to company statement, adds deal details)
    Nov 11 (Reuters) - Software company Apptio Inc  APTI.O  said
on Sunday it had agreed to be bought by private equity firm
Vista Equity Partners for about $1.94 billion in cash.
    Apptio shareholders will receive $38 per share, a premium of
about 53 percent to its last close. The deal that has been
approved by the company's board, Apptio said.  urn:newsml:reuters.com:*:nPn1Sw72Xa
    The agreement includes a 30-day "go-shop" period, which
allows Apptio board and advisers to consider alternative offers,
the company said.
    The deal is expected to close in the first quarter of 2019
and Apptio will remain headquartered in Bellevue, Washington, it
said.
    Qatalyst Partners served as Apptio's financial adviser,
while Wilson Sonsini Goodrich & Rosati served as its legal
adviser. Kirkland & Ellis LLP was the legal adviser to Vista.
    The Wall Street Journal earlier reported on the deal.

 (Reporting by Ismail Shakil in Bengaluru; Editing by Gopakumar
Warrier)
 ((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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