Vista Equity Partners to Acquire MINDBODY in $1.9 Billion Cash Deal
Vista will pay $36.50 per share to acquire the company, a 68 percent premium over Friday’s share price.
Merry Christmas to MINDBODY! That’s what investors in the fitness, spa and beauty salon software company are saying. On Christmas Eve, Vista Equity Partners, an investment firm focused on software, data and technology businesses, agreed to buy MINDBODY (NASDAQ: M) for $1.9 billion in an all-cash deal. Shareholders will receive a premium price of $36.50 per share, a 68 percent premium over MINDBODY’s share price of $21.72 at closing on December 31, 2018.
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