7/26, 2:47 PM (Source: TeleTrader)
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Chart for: Medallia Inc

Thoma Bravo to take Medallia private for $6.4B

Medallia Inc. revealed on Monday that it will be acquired and taken private by software investment firm Thoma Bravo LP for $6.4 billion.

The customer and employee experience management company's stockholders will get $34 in cash for each share they own, representing a premium of approximately 20% to the share price at the end of the trading session on June 10, 2021.

Medallia's shares rose by 1.38% in premarket trade following the announcement of the deal.

Breaking the News / MS