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Benzinga

Business

Adam Eckert

EXPLAINED: Why anaplan shares are soaring today | Rare Historical Photos

Anaplan Thoma Bravo NYSE

Anaplan Inc (NYSE:PLAN) shares are trading significantly higher Monday morning after the company announced it will be acquired by software investment firm Thoma Bravo.

The companies entered into a definitive agreement in which Thoma Bravo will pay $66 per share to acquire Anaplan in an all-cash transaction valued at approximately $10.7 billion.

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