Shares of Cyber security company SailPoint Technologies Holdings, Inc. (SAIL) are up nearly 30% in pre-market on Monday after the company announced its decision to be bought by private equity firm Thoma Bravo in a transaction valued about $6.9 billion, to be paid in cash.
As per the deal, SailPoint stockholders will receive $65.25 per share, a premium of 48% to SailPoint's 90-day volume-weighted average price.
The transaction, which will make SailPoint a private firm, is expected to close in the second half of 2022.
SAIL closed at $49.59, down $0.83 or 1.65% on Friday. It is currently trading in pre-market at $64.22.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.