Deals
Ping Identity Surges After Thoma Bravo Deal Announced
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Private equity firm Thoma Bravo LLC will acquire the intelligence solutions company Ping Identity Holding Corp. for $2.8 billion, according to a statement released on Wednesday. Thoma Bravo will pay $28.50 per share in an all-cash transaction, a 63% premium over Ping Identity’s closing stock price on Tuesday.
The deal, approved unanimously by Ping Identity’s board, is set to close by the end of 2022.