Brief: Zuora Enters Into Definitive Agreement To Be Acquired By Silver Lake And GIC For $1.7 Billion

Zuora

17/10/2024 13:37

Oct 17 (Reuters) - Zuora Inc  ZUO.N :
    * ZUORA ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY
SILVER
LAKE AND GIC FOR $1.7 BILLION
    * ZUORA INC - ZUORA STOCKHOLDERS TO RECEIVE $10.00 PER SHARE
IN
CASH
    * ZUORA INC - TO BE ACQUIRED BY SILVER LAKE AND GIC FOR $1.7
BILLION
    * ZUORA INC:  TIEN TZUO, CEO, WILL ROLL OVER A MAJORITY OF
HIS
EXISTING OWNERSHIP
    * ZUORA INC: TZUO WILL CONTINUE TO LEAD CO
    * ZUORA INC: UPON COMPLETION OF TRANSACTION, CO'S COMMON
STOCK
WILL NO LONGER BE LISTED ON ANY PUBLIC STOCK EXCHANGE
    * ZUORA INC:  UPON COMPLETION OF TRANSACTION TIEN TZUO WILL
CONTINUE TO LEAD COMPANY

Source text for Eikon:  ID:nBwbXwzzGa 
Further company coverage:  ZUO.N 

 ((Reuters.Briefs@thomsonreuters.com;))