QADB - QAD to go private at $87.50 per share in $2B cash deal with Thoma Bravo

QAD (QADA) to be acquired by Thoma Bravo in an all-cash transaction with an equity value of ~$2B.As per the agreement, QAD shareholders will receive $87.50 per share of Class A Common Stock or Class B Common Stock in cash. QAD CEO comment: "As a private company owned by Thoma Bravo, we will have enhanced flexibility, focus and resources to invest in – and capitalize on – our expanding growth opportunities, and help our customers thrive in an increasingly dynamic manufacturing environment.” Following closing of the transaction in 4Q21, Ms. Lopker intends to retain a significant ownership interest in the company and will continue to serve on the QAD Board. Anton Chilton will continue to lead QAD as CEO.

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QAD to go private at $87.50 per share in $2B cash deal with Thoma Bravo