BUZZ-SolarWinds jumps after $4.4 bln deal with Turn/River Capital to take co private

Reuters
07 Feb
BUZZ-SolarWinds jumps after $4.4 bln deal with Turn/River Capital to take co private

** IT software provider SolarWinds' SWI.N shares jump 23.4% to $18.25 premarket

** Turn/River Capital to acquire co in an all-cash take-private transaction for $18.50 per share or approx. $4.4 billion

** Per-share price is a premium of about 23% to stock's last closing price of $15.03

** Transaction expected to close in the second quarter of 2025

** SWI's shares are up more than 5% so far this year

(Reporting by Shashwat Chauhan in Bengaluru)

((Shashwat.Chauhan@thomsonreuters.com;))

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