Model N (MODN) to be Acquired by Vista in $1.25 Billion Deal [Yahoo! Finance]
Model N, Inc. (MODN)
Last model n, inc. earnings: 2/4 04:15 pm
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Source: Yahoo! Finance
The merger signals a strategic move in the enterprise software domain. Vista, a prominent global investment firm, will procure all the outstanding shares of Model N common stock at $30.00 per share in an all-cash transaction. This offer, constituting a premium of around 23% over the 30-day volume weighted average share price prior to the announcement, underscores Vista's commitment to recognizing Model N's value. The transaction delivers immediate cash value to stockholders and aligns with the company's long-term objectives. For Model N, the acquisition by Vista opens doors to enhanced resources, positioning it for sustained growth and market leadership in the years to come. Vista's recognition of Model N's expertise in revenue management solutions for Life Sciences and advanced technology industries further solidifies the strategic fit. Model N's prospects in the Life Sciences and High Tech vertical are bright owing to the increasing ineffectiveness of legacy systems. Companies
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MODN
News
- INVESTIGATION: The M&A Class Action Firm Continues Investigating the Merger – INRD, MODN, CVLYAccesswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MODN, DPSI, WIRE, MCBCAccesswire
- Model N Announces Date of Second Quarter Fiscal Year 2024 Financial ResultsGlobeNewswire
- SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLC Investigates MODN, AIRC, INRD, ALPNGlobeNewswire
- Thoma Bravo to take UK cybersecurity company Darktrace private in $5B deal [TechCrunch]TechCrunch
MODN
Earnings
- 2/6/24 - Beat
MODN
Sec Filings
- 5/3/24 - Form PREM14A
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form 8-K
- MODN's page on the SEC website