PLAN - Anaplan drops after Thoma Bravo deal price revised down to $63.75/share

Anaplan (NYSE:PLAN) fell 3.8% in premarket trading after private equity firm Thoma Bravo revised its takeover price down to $63.75/share from $66.  Thoma Bravo and Anaplan agreed to amend the deal to resolve a disagreement between the parties regarding compliance with certain terms of the merger agreement, according to a statement.  Thoma Bravo asserted that the matters could have resulted in certain closing conditions not being satisfied, according to the statement. Anaplan’s position is that it acted at all times in good faith in compliance with the merger agreement and that Thoma Bravo remained at all times obligated to close the original merger agreement according to its original terms. Thoma Bravo originally agreed to buy business planning software company Anaplan (PLAN) in March for $10.7 billion, or $66/share. The parties on Monday said they continue to expect the transaction to close by June 30. Anaplan holders are scheduled to vote on the acquisition on Thursday. "Anaplan’s Board also

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Anaplan drops after Thoma Bravo deal price revised down to $63.75/share