(RTTNews) - SolarWinds (SWI) has entered into a definitive agreement to be acquired by Turn/River Capital in an all-cash transaction for $18.50 per share or approximately $4.4 billion. Upon completion, SolarWinds' common stock will no longer be listed on the New York Stock Exchange, and SolarWinds will become a privately held company.
In addition to approval by the SolarWinds Board, Thoma Bravo, and Silver Lake, SolarWinds' majority shareholders, who collectively hold approximately 65% of the outstanding voting securities of SolarWinds, have approved the transaction by delivering written consent.
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