Olo shares jump after Thoma Bravo to acquire co
ReutersJul 3, 2025 1:50 PM
Shares of restaurant technology provider Olo OLO.N jump 13.2% to $10.09
Olo enters into definitive agreement to be acquired by buyout firm Thoma Bravo
OLO's shareholders to receive $10.25 per share in all-cash deal, offer implies a premium of over 15% to OLO's last close
Deal values OLO at $2 bln in equity value, expected to help accelerate its growth and strengthen its platform
Transaction expected to close by 2025 end, pending approvals
Stock up 31.38% YTD, including session's gain
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