Enterprise software firm Medallia Inc (MDLA.N) said on Monday private equity firm Thoma Bravo would take the company private for $6.4 billion in cash.
Medallia shareholders will receive $34 per share in cash, a premium of nearly 20% to the stock’s close on June 10, the last trading day before media reports that the San-Francisco based company was mulling a potential sale boosted the stock price.
Medallia, the customer survey software provider, that went public over just two years ago, competes with the likes of Survey Monkey and Qualtrics.
Read more/Source: Reuters
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