Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Apptio Shares Surge On Deal To Go Private
Private Equity

Apptio Shares Surge On Deal To Go Private

by posted 5months ago 27 views
Click to view a price quote on APTI. : Shares of Apptio Inc.  (APTI) surged more than 50% on Monday, Nov. 12, after the company said it had agreed to be bought by tech-focused private-equity firm Vista Equity Partners for $1.94 billion. Under the agreement, Apptio shareholders will receive $38 in cash per share, representing a 53% premium to the unaffected closing price as of Friday, Nov. 9. Shares of Apptio jumped $12.83, or 52%, to $37.68. Apptio, whose products include cloud-based and hybrid business management software, was founded in 2007 and went public in September 2016 at $16 a share.

In this article