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When Coupa confirmed it was being acquired for $8 billion, spend management industry took note. It wasn't because it involved private equity firm Thoma Bravo, or that that deal was struck in all cash at $81 shares, but rather, that it marked a 77% premium above Coupa's closing price on Nov.
Coupa Software has been acquired by private equity firm Thoma Bravo in an $8 billion, or $81-per-share all-cash acquisition, the company announced Monday. Officials for the business spend management platform said the deal made sense financially.
Rishi Jaluria, RBC Capital Markets managing director, joins 'Closing Bell' to discuss RBC's upgrading of Coupa software to sector perform.
Dan Primack, business editor at Axios, joins 'Power Lunch' to discuss three major M&A positions underway, potential increases in private equity M&A deals and what sectors are primed for acquisition.
Thoma Bravo LLC is in advanced talks to acquire Coupa Software Inc. after outbidding Vista Equity Partners, according to people familiar with the matter. Bloomberg's Sonali Basak reports.
The cloud-based business-spend management platform said Monday that its shareholders will be paid $81 a share, which represents a 77% premium to Coupa's closing price Nov. 22.
Yahoo Finance Live anchors Brad Smith, Brian Sozzi and Julie Hyman discuss the rise in stock for Coupa following Thoma Bravo's $8 billion acquisition.
Coupa Software Inc shares raced up nearly 24% in New York as it announced that private equity group Thomas Bravo was buying it for $6.15 billion in cash. The software firm will receive $81 per share under the deal - 30.5% higher than the shares closing level on December 9 and a 77.2% premium to the stock price on November 22 when takeover interest in the company was first reported.
The company is being acquired by Thoma Bravo.
The cloud-based business-spend management platform said its shareholders will be paid $81 a share, which represents a 77% premium to Coupa's closing price Nov. 22, the last full trading day before media reports of a potential takeover surfaced.