© Reuters.
By Dhirendra Tripathi
Investing.com – QAD jumped 20% because the on-line provide chain solutions provider agreed to be bought by non-public fairness firm Thoma Bravo for $2 billion in money.
Below the phrases of the agreement, QAD shareholders will receive $87.50 per share of sophistication A protracted-established stock (NASDAQ:) or class B long-established stock (NASDAQ:) in money.
QAD will plug non-public as soon as the deal is full, expected to happen in the fourth quarter of 2021.
Founder and President Pamela Lopker intends to receive a vital ownership pastime in the corporate and may perhaps moreover simply continue to aid on the QAD board.
QAD will continue to make investments in venture resource planning tool and associated venture tool for manufacturing corporations across the sphere, a show from the corporate mentioned.
Anton Chilton will continue to lead QAD as CEO, the show mentioned.
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