GIC, Zuora and Silver Lake
Zuora rises as Silver Lake, GIC to take company private in $1.7B takeover deal
Zuora (NYSE:ZUO) shares were up 5% in premarket trade, after it said it will be acquired by Silver Lake, in partnership with an affiliate of GIC, in a $1.7 billion take private deal. Under the deal, Silver Lake and GIC will acquire all outstanding shares of Zuora at $10 apiece in cash,
Zuora to be acquired by Silverlake and GIC in $1.7B cash deal
Under the terms of the agreement, Silver Lake and GIC will acquire all outstanding shares of Zuora stock at $10 per share in cash. That’s a premium to Zuora shares, which were trading at $9.42 prior to the announcement but as low as $8.36 over the last month. Officially, the acquisition price is offering an 18% premium on Zuora’s last stock price.
Billing software firm Zuora to go private in $1.7 billion deal with Silver Lake, GIC
Billing software firm Zuora said on Thursday it has agreed to be acquired by buyout firm Silver Lake and Singaporean wealth fund GIC in a deal valued at $1.7 billion, sending its shares up nearly 6% in early trading.
Zuora Enters into Definitive Agreement to be Acquired by Silver Lake and GIC For $1.7 Billion
Zuora, Inc. (NYSE: ZUO), a leading monetization suite for modern business, today announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing,
Zuora Stock Pops on Deal To Sell to PE Firm Silver Lake
Key Takeaways Shares of enterprise software company Zuora rose Thursday after announcing its purchase by a tech-focused private equity firm. The company said it would sell to Silver Lake and a partner for $10 per share in cash.
Best TD Bank GICs In Canada For October 2024
These are the best TD GIC rates in Canada: U.S. Dollar GIC (Long-Term and Simple Interest) Non-Cashable (1-year) — 4.35% TD ...
Subscription management firm Zuora agrees to be acquired for $1.7B
Zuora, a company selling subscription management software for businesses, has agreed to be acquired by private equity firms ...
MoneySense3d
The best GIC rates in Canada for 2024
The real return accounts for the rate of inflation; for example, if inflation is running at 3% per year, and you hold a GIC with a 5% interest rate, your real rate of return is 2%. So, consider ...
JD Supra9h
Leading by Example: Public Commitment to DEI
There is no single way for employers to signal their commitment to diversity, equity, and inclusion (DEI). Employers may ...
GlobeSt.com15d
Equinix, GIC, and CPP Form $15B Data Center JV
Equinix and GIC have cooperated in multiple joint ventures in the past in Asia, the Americas, and Europe. The introduction of ...
GIC and BlackRock snap up Hyundai India shares in record $4.3 billion IPO
Singapore sovereign wealth fund GIC and US asset management giant BlackRock together picked up stakes worth a total of ...
Business Times16d
GIC agrees to buy 25% stake in EQT-backed waste company Reworld
SINGAPORE’S sovereign wealth fund GIC has agreed to acquire a 25 per cent stake in waste management company Reworld. Read ...