Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

GTY Technology Shares Soars On Takeover At 123% Premium

Nasdaq
  • GTY Technology Holdings Inc (NASDAQ:GTYH) agreed to be acquired by GI Partners, a leading private investment firm. 
  • GTY shareholders will receive $6.30 in cash for each share of GTY. 
  • The purchase price represents a 123% premium over the GTY closing share price on April 28, the last full trading day before the transaction announcement.
  • The leading provider of cloud software solutions will become a privately held company.
  • The transaction will likely close in the third quarter of 2022.
  • GTY CEO TJ Parass said, "This transaction will provide immediate and substantial value to GTY shareholders. The Company will have greater flexibility to focus on executing our strategy, and we are excited to begin our long-term partnership with GI Partners."
  • Price Action: GTYH shares traded higher by 118.70% at $6.19 on the last check Friday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
8 Popular Breakfast Items With Ingredients Banned Abroad
Breakfast may be the most important meal of the day, but depending on what you eat, it might also be the most controversial. Many popular breakfast items in the U.S. contain food dyes, preservatives, or additives that are banned in other countries due to health concerns. From cereals to toaster…
Grocery Coupon Guide
Grocery Coupon Guide
Sting, Kevin Nash, The Undertaker And More Wrestling Icons Pay Tribute After Hulk Hogan's Death
If anyone knows Hogan's impact on wrestling, it's other wrestlers.
Cinemablend
Cinemablend
Hulk Hogan's death marks the end of an era that defined larger-than-life personalities of the 1980s
Hulk Hogan, known as "The Immortal One," has died at 71
The Independent UK
The Independent UK
Hulk Hogan’s ex-wife Linda Hogan gushed about sharing ‘good old days’ with him days before his death
Days before the wrestling icon’s death, his ex-wife Linda Hogan gushed about sharing “good old days” with the wrestling icon.
BANG Premier
BANG Premier
Hulk Hogan was an era-defining American brand: big, brash and bizarre
The late wrestling star found various kinds of fame outside of the ring but the more we knew about him, the more we often wish we didn’t
The Guardian - US
The Guardian - US
Watch Machine Head pay tribute to Ozzy Osbourne by adding War Pigs and Children Of The Grave to their setlist at the very last minute
The US groove metal veterans learned about Osbourne’s death mere minutes before taking the stage in Austria on Tuesday
Metal Hammer
Metal Hammer
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play