Silver Lake and GIC to acquire Zuora for $1.7bn
Under the terms of the agreement, Silver Lake and GIC will acquire all outstanding shares of Zuora at $10.00 per share in cash. This purchase price represents an 18% premium over Zuora's closing stock price on 16 April 2024, and a 20% premium on the company's enterprise value.
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.
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