Thomas Bravo, a software investment firm has agreed to buy payments provider Bottomline (NASDAQ: EPAY) for $2.6 billion. With this all cash deal, Bottomline will also become a privately held company.
Moreover, as per the agreement, Bottomline shareholders will receive $57 per share in cash. This cash price also represents a premium of 42% to Bottomline’s closing stock price on 19 October 2021. Furthermore, this price is 16.5% higher than Bottomline's previous close.
Rob Eberle, CEO of Bottomline, added; “This transaction is an exciting next chapter for our company, our customers, and our employees, and is a testament to the hard work and dedication of the entire Bottomline team. We have been executing against our strategy of establishing competitive advantage with a product se...
