Software firm Everbridge to be taken private by Thoma Bravo in $1.5 bln deal (updated)

Everbridge

05/02/2024 13:20

(Adds details from the report in paragraphs 3 to 5)
       Feb 5 (Reuters) - Everbridge  EVBG.O  said on Monday it
would be bought by U.S. private equity firm Thoma Bravo in an
all-cash transaction that valued the software company at about
$1.5 billion.
    Thoma Bravo has offered Everbridge shareholders $28.60 per
share held, representing a 20% premium to the stock's last
close. 
    Everbridge's shares rose more than 18% premarket. 
    The company, founded in the aftermath of the 9/11, helps
businesses and governments anticipate, mitigate, respond to, and
recover from critical events.
    Everbridge will become a privately held company after the
deal closes, expected in the second quarter. 

 (Reporting by Samrhitha Arunasalam in Bengaluru; Editing by
Sriraj Kalluvila)
 ((Samrhitha.A@thomsonreuters.com;))