Shares of data company Talend S.A. (TLND) are rising more than 27% Wednesday morning after the company signed a deal with private equity investment firm Thoma Bravo to be acquired for about $2.4 billion.
As per the deal, Thoma Bravo will initiate a cash tender offer of $66 per share, about 29% premium to Talend's closing price on March 9 and an 81% premium to the volume weighted average price over the last twelve months.
"Data has become critical to every facet of the world, and Talend's data fabric empowers organizations to operationalize their data," said Chip Virnig, a Partner at Thoma Bravo. "Talend has built the leading cloud-native orchestration platform that helps organizations bring together all their data, wherever it may sit, to solve their most complex problems."
The agreement includes a 30-day "go-shop" period expiring on April 10, 2021, which allows Talend to solicit other acquisition proposals.
The tender offer is expected to close in the third quarter of 2021.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.