By Adriano Marchese
SolarWinds has agreed to sell itself to San Francisco-based technology investment fund Turn/River Capital for $4.4 billion.
The software development business said Friday that it entered into a definitive agreement to be acquired in an all-cash deal for $18.50 a share.
The stock has risen 5.5% so far in the year to close on Thursday at $15.03. The stock is up about 21% over the past 52 weeks.
SolarWinds said the per-share price represents a premium of about 35% to the volume-weighted average closing price of its stock over the past 90 trading days to Feb. 6.
SolarWinds is a software company that supports a range of businesses to manage and optimize their systems, networks, and IT infrastructure.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
February 07, 2025 09:03 ET (14:03 GMT)
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