Aerial imagery company Nearmap said it agreed to an $729m takeover offer from Thoma Bravo, becoming the latest technology firm that the U.S. private equity firm has bet on in recent months.
The A$2.10-per-share offer received last month represented a premium of nearly 39% to the stock’s closing price on Aug. 12, a day before the offer was disclosed.
Shares of Nearmap jumped 5.9% to A$2.08, hitting their highest level since November, 2021.
Earlier this month, it signed a $2.4bn deal for Ping Identity, yet another software company whose formerly high-flying valuation has tumbled in the last couple of years.
Read more: Reuters
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