Talend , a leader in data integration and data integrity, announced the expiration of the 30-day “go-shop” period as of 12:01 a.m. PT on April 10, 2021 under the terms of the memorandum of understanding between Talend and Thoma Bravo previously announced on March 10, 2021. Pursuant to the memorandum of understanding, Thoma Bravo intends to commence a tender offer to acquire all of the outstanding ordinary shares and American Depositary Shares (“ADSs”) of Talend for $66.00 in cash per ordinary share and ADS (each ADS representing one ordinary share).
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During the “go-shop” period, Talend’s Board of Directors, with the assistance of its independent financial advisor, Qatalyst Partners, actively solicited alternative acquisition proposals from potentially interested third parties consistent with the Talend Board’s commitment to maximizing shareholder value.
Upon expiration of the “go-shop” period, pursuant to the memorandum of understanding, Talend became subject to customary “no-shop” provisions that limit its and its representatives’ ability to solicit alternative acquisition proposals from third parties or to provide confidential information to third parties, subject to customary “fiduciary out” provisions.
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As previously announced, the tender offer is currently expected to close in the third quarter of 2021 and the redomiciling and related transactions are currently expected to close in the fourth quarter of 2021, subject to the completion of appropriate works council consultations, receipt of certain regulatory approvals and Talend shareholder approval, and other customary closing conditions.