PLAN - Sailpoint Technologies ticks higher on report Thoma Bravo deal price won't be cut

SailPoint Technologies (NYSE:SAIL), which is being acquired by private equity firm Thoma Bravo, ticked up 0.8% after a report that the PE firm has no plans to reduce the price. Thoma Bravo's price cut on its purchase of Anaplan on Monday was case-specific and the buyout firm has no current plans to try to renegotiate for a lower price, according to a Reuters report, which cited sources familiar. SailPoint (SAIL) fell on Monday after Thoma Bravo revised its takeover price with Anaplan (NYSE:PLAN) down to $63.75/share from $66 in cash.  Thoma Bravo agreed to buy SailPoint (NYSE:SAIL) for $65.25/share in April.

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Sailpoint Technologies ticks higher on report Thoma Bravo deal price won't be cut