To monitor the performance of the company's web site, the tone system company, the company said on Monday that it has agreed to sell itself to private equity firm Thoma Bravo's co., LTD. About $3.69 million in cash.
Substance under the terms of the transaction, the shareholders will get $20 cash, their each topic. Based on the company's 184000 shares outstanding, the deal is valued at about $369 million.
Topic about $3.95 million worth of transactions.
The price is a 48% premium to the company's closing price on Friday. Tone in pre-market trading, shares rose 47% to $19.89 on news.
Theme, chairman and chief executive of Umang gupta said, as a private company would provide additional flexibility and more advantageous position, its investment in some enterprises, further strengthen the sales plan, and accelerate the growth of the company.
The deal is yet to be to the regulation and Keynote shareholder approval. Is expected to close by September 30.



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