- Software investment firm Thoma Bravo inked an agreement to acquire Medallia Inc MDLA in an all-cash transaction that values Medallia at $6.4 billion.
- Medallia shareholders will receive $34 per share in cash, signifying a 20% premium to Medallia's Jun. 10 closing price, the last trading day before reports regarding a possible transaction.
- It implies a 1.9% premium to Medallia's Friday closing price of $33.35.
- Medallia will become a private company under the arrangement.
- The transaction is likely to close in 2021.
- Additionally, Berenberg analyst Brett Knoblauch downgraded Medallia to Hold from Buy after going private announcement.
- Price action: MDLA shares traded higher by 1.08% at $33.71 on the last check Monday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
