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Thoma Bravo Agrees to Buy Bottomline for About $2.6 Billion

Thoma Bravo Founder Orlando Bravo.

Thoma Bravo Founder Orlando Bravo.

Photographer: Jeenah Moon/Bloomberg

Thoma Bravo agreed to buy payments firm Bottomline Technologies in an all-cash deal that values the company at about $2.6 billion.

Bottomline shareholders will receive $57 per share, according to a statement Friday, or almost 17% higher than Thursday’s closing price. It’s about 42% above the closing price on Oct. 19, when Portsmouth, New Hampshire-based Bottomline said it had formed a strategy committee.