RealPage Inc.’s shares surged as much as 32% after private equity giant Thoma Bravo agreed to buy out the real estate software maker for $9.6 billion.
Thoma Bravo is offering investors $88.75 in cash for each share of RealPage, the companies said in a statement on Monday. The transaction represents a 31% premium to the company’s closing share price on Dec. 18 and values the company at $10.2 billion including debt.
The software company’s stock rose 30% to $88.50 at 9:52 a.m. in New York after earlier touching $89.20, a record high for the shares.
RealPage, a maker of ...