Olo shares jump after Thoma Bravo to acquire co

Olo

03/07/2025 14:50

** Shares of restaurant technology provider Olo OLO.N jump 13.2% to $10.09

** Olo enters into definitive agreement to be acquired by buyout firm Thoma Bravo

** OLO's shareholders to receive $10.25 per share in all-cash deal, offer implies a premium of over 15% to OLO's last close

** Deal values OLO at $2 bln in equity value, expected to help accelerate its growth and strengthen its platform

** Transaction expected to close by 2025 end, pending approvals

** Stock up 31.38% YTD, including session's gain

 (Reporting by Ankita Yadav in Bengaluru)

 ((Ankita.Yadav@thomsonreuters.com;))