MJCO - Majesco goes private

Private equity firm Thoma Bravo completes the acquisition of Majesco (MJCO) at the revised go-private offer of $16/share in all-cash transaction.The acquisition price values the transaction at $729M.Majesco will cease trading from Sept. 22 pre-market and will subsequently be delisted from Nasdaq. "Majesco's journey in helping insurance companies get to the cloud faster is impressive and we intend to leverage our own operational experience to enhance its capabilities and support the continued growth of the business," says A.J. Rohde, partner at Thoma Bravo.

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Majesco goes private