Why Apptio Stock Soared on Monday [The Motley Fool]
APPTIO (APTI)
Last apptio earnings: 10/29 04:15 pm
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US:NASDAQ Investor Relations:
investors.apptio.com/investor-overview
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Source: The Motley Fool
This acquisition news makes for a good day for Apptio shareholders. Daniel Sparks ( TMFDanielSparks ) Nov 12, 2018 at 3:58PM What happened Shares of Apptio ( NASDAQ:APTI ) , provider of cloud-based technology business management solutions, soared on Monday, rising nearly 52% as of 3:06 p.m. EST. The stock's rise follows news on Sunday that Apptio had entered into a definitive agreement to be acquired by investment firm Vista Equity Partners. Image source: Getty Images. So what Explaining the stock's big jump was the news that Vista has agreed to acquire all outstanding shares of Apptio in a deal valued at $1.94 billion, translating to $38 in cash per share. This represents a 53% premium to where Apptio stock was trading as of market close on Nov. 9. Vista's investment and deep expertise in growing world-class SaaS businesses and th
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