- Slightly over two years since going public, information technology management software firm Apptio Inc. is going private again via a $1.94 billion acquisition from private equity firm Vista Equity Partners.
- The deal will see Apptio shareholders receive $38 per share, a 53 percent premium to Friday’s closing price of $24.85.
- According to Marketwatch Sunday, the price is below Apptio’s all-time closing high of $41.23 but is still above the price of shares over the longer term.
- The agreement includes a 30-day “go-shop” period that allows Apptio’s board and advisers to consider alternative offers, meaning the Vista deal may not be final if another party offers a better deal.
Duncan Riley / SiliconANGLE - 2 years ago