Anaplan Inc (NYSE:PLAN) shares are trading significantly higher Monday morning after the company announced it will be acquired by software investment firm Thoma Bravo.
The companies entered into a definitive agreement in which Thoma Bravo will pay $66 per share to acquire Anaplan in an all-cash transaction valued at approximately $10.7 billion.
The transaction is expected to close in the first half of 2022. Upon closing, Anaplan will become a privately held company.
Anaplan is a U.S.-based business performance management company.
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PLAN 52-Week Range: $39.92 - $70.25
The stock was up 27.7% at $64.61 at time of publication.
Photo: courtesy of Anaplan.
