Thoma Bravo and Talend (NASDAQ: TLND) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR”), for Thoma Bravo’s tender offer for Talend.
As previously disclosed, Talend and Thoma Bravo have entered into a memorandum of understanding pursuant to which Thoma Bravo intends to commence a tender offer to aquire all of the outstanding ordinary shares and American Depositary Shares (“ADSs”) of Talend for $66.00 in cash per ordinary share and ADS (each ADS representing one ordinary share).
The expiration of the HSR waiting period satisfies one of the conditions to the tender offer, which has not yet commenced. The tender offer is currently expected to close in the third quarter of 2021.
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