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Everbridge expects sale to Thoma Bravo to close in 3Q, had forecast 2Q

by theadvisertimes.com
11 months ago
in Business
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Everbridge expects sale to Thoma Bravo to close in 3Q, had forecast 2Q
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Maksim Labkouski/iStock via Getty Images

Everbridge (NASDAQ:EVBG) expects its planned sale to a private equity firm will be completed in Q3, after earlier forecasting a Q2 close. The parties continue to pursue the one remaining outstanding regulatory approval in Sweden required to satisfy the closing conditions set forth in the merger agreement, according to an 8-K filing on Tuesday. Thoma Bravo originally agreed to buy enterprise software company Everbridge (EVBG) in February, though the deal price was increased to $35 a share in March.



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