Deals
Thoma Bravo Extends Closing Date on ForgeRock Deal to Forestall Antitrust Review
- Companies agree to extend deal deadline by a week to Aug. 22
- Extension gives DOJ’s antitrust division more time for review
The US Department of Justice headquarters in Washington, DC.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Private equity firm Thoma Bravo LLC agreed to extend its closing date on a $2.3 billion acquisition of ForgeRock Inc. to give the US Justice Department an additional week to decide whether to challenge the deal in court, according to people familiar with the matter.
The negotiated extension will give the department’s antitrust division until Aug. 22 to file a lawsuit. The companies had previously told the government agency they would hold off on closing until after Aug. 15, the people said, who asked not to be identified discussing confidential negotiations.