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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