Talend to be acquired by Thoma Bravo in $2.4B deal

Mar. 10, 2021 8:46 AM ETTalend S.A. (TLND)TLNDBy: Liz Kiesche, SA News Editor8 Comments
  • Talend (NASDAQ:TLND) enters an MOU to be acquired by private equity firm Thoma Bravo for $66.00 per ordinary share and ADS, or a 29% premium to its closing price of $51.30 on Tuesday.
  • All together, the proposed deal values Talend at ~$2.4B, including net debt, and will make Talend a privately held company.
  • The agreement includes a 30-day "go-shop" period expiring on April 10, 2021, which allows Talend's board and advisers to seek alternative proposals.
  • Talend will hold a shareholders meeting to vote on the transaction.
  • The company will structurally, but not operationally, redomicile in the Netherlands. In connection with the transaction, Talend's existing French activities, including assets, liabilities, and employees would first be transferred to a new wholly-owned French subsidiary.
  • The tender offer is expected to close in Q3 2021 and the redomiciling and related transactions are expected to close in Q4 2021.

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