Thoma Bravo to take Ellie Mae private for about $3.7 billion

(Reuters) – Mortgage software company Ellie Mae Inc said on Tuesday it would be acquired by private equity firm Thoma Bravo LLC for about $3.7 billion.

As part of the deal, Ellie Mae shareholders will receive $99.00 in cash per share, a premium of 21 percent to its closing price on Monday.

Reporting by Sonam Rai in Bengaluru; Editing by Arun Koyyur

Leave a Reply