India, June 8 -- kneat.com, inc. (KSI.TO,KSIOF), a digital validation and quality process automation company, Monday announced its definitive arrangement agreement to be acquired by Thoma Bravo, L.P., a privately held software-focused investment firm.
Under the deal terms, holders of Kneat shares other than any Rollover Shares will receive C$6.50 cash per share, representing an aggregate total equity value of approximately C$650 million. The deal price is on a fully diluted, in-the-money, treasury-stock-method basis and inclusive of Rollover Shares.
The planned sale follows a strategic review process by Kneat. Upon the deal closure, Kneat will become a privately held company.
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