Software investment firm Thoma Bravo has completed into acquisition of Anaplan Inc, provider of a leading cloud-native platform for orchestrating business performance, in an all-cash transaction valued at approximately $10.4 billion.
The acquisition was previously announced on March 20, 2022 and approved by Anaplan stockholders at the Special Meeting of Stockholders held on 21 June, 2022.
Under the terms of the amended merger agreement, Anaplan stockholders will receive $63.75 per share in cash, which represents a premium of approximately 41% to the volume weighted average price of Anaplan’s common stock for the five days ending 18 March, 2022, the last trading day prior to the date on which Anaplan publicly announced that it had entered into the original merger agreement. With the completion of the acquisition, Anaplan’s common stock has ceased trading and will no longer be listed on the New York Stock Exchange.
Anaplan also announced that Frank Calderoni is stepping down from his role as chairman and chief executive officer, and Charles Goodman, an outside advisor to Anaplan, has been appointed Chairman and interim chief executive officer, effective immediately.