Couchbase, Inc. (BASE), a provider of cloud database platform for enterprise applications, Friday said it has agreed to be acquired by investment firm, Haveli Investments in a transaction valued about $1.5 billion to be paid in cash. Following the news, the company's shares were more than 28% up in pre-market.
As per the deal, Couchbase stockholders will receive $24.50 per share in cash, a 29% premium to the closing share price on June 18. The purchase price also represents a premium of about 67% to the closing stock price of March 27, 2025, the last trading day prior to the announcement of Haveli's investment into Couchbase.
Couchbase stock had closed at $18.93, down 3.47% on Wednesday. It has traded in the range of $12.78 - $21.54 in the last 1 year.
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