MDLA - Medallia to go private in $6.4B deal by Thoma Bravo

Zhanna Hapanovich/iStock via Getty Images Medallia (MDLA) +2% premarket, to be acquired by Thoma Bravo, a software investment firm in $6.4B deal. Medallia shareholders will receive $34.00 per share in cash, a premium of approximately 20% of closing stock price on June 10, 2021. “Today’s announcement underscores our commitment to constant innovation, expansion and value creation,” said Leslie Stretch, President and CEO of Medallia. "In addition to maximizing value for our shareholders, this transaction will enable us to execute on our long-term strategy with even greater effectiveness, efficiency and flexibility.” The transaction is expected to close in 2021.

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Medallia to go private in $6.4B deal by Thoma Bravo