XSW - Why Information Technology Model N Shares Are Surging Today | Benzinga
Model N, Inc. (NYSE:MODN) shares are trading higher after the company announced Vista Equity Partners will acquire it for $1.25 billion.
As per the terms, Vista will acquire all the outstanding shares of Model N for $30.00 per share, representing a premium of around 23% over Model N’s 30-trading-day volume weighted average share price as of the close on January 10, 2024, the day before the Model N Board of Directors authorized its financial advisor to contact potential acquirers.
The purchase price also ...