PLAN - SailPoint Technologies drops after Anaplan deal price with Thoma Bravo cut

SailPoint Technologies fell 3.4% in premarket trading after private equity firm Thoma Bravo, which is buying the cybersecurity company, renegotiated another deal with Anaplan lower. Thoma Bravo revised its takeover price with Anaplan down to $63.75/share from $66 in cash. Anaplan (NYSE:PLAN) dropped 3.9%. 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 agreed to buy SailPoint (NYSE:SAIL) for $65.25/share  in April. Representatives for SAIL and Thoma Bravo didn't immediately return Seeking Alpha email requests for comment on their transaction. On Wednesday SailPoint (SAIL) announced that the HSR waiting period for the Thoma Bravo deal had expired.

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SailPoint Technologies drops after Anaplan deal price with Thoma Bravo cut