Everbridge jumps on Thoma Bravo's $1.5 bln buyout deal

Everbridge

05/02/2024 13:05

** Shares of software firm Everbridge Inc  EVBG.O  up 18.2%
at $28.10 premarket after co says PE firm Thoma Bravo will buy
it for $1.5 bln in cash
    ** Deal price of $28.60 represents 20% premium to EVBG's
last sale on Fri
    ** Transaction expected to close in Q2 2024
    ** EVBG has ~$977 mln market cap, per LSEG data
    ** Stock has fallen 31% over the past year through Fri

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))