Raymond James downgraded Everbridge to Market Perform from Outperform following the comapny’s agreement to be acquired by Thoma Bravo for $1.5B. While there is a limited 25 day “goshop” period, the firm believes it is highly likely that the deal gets completed at its $28.60 offer price.
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Read More on EVBG:
- Everbridge Settles UK Legal Dispute and Announces Merger
- Everbridge Appoints David Rockvam as New CFO
- Everbridge Agrees to Merger with Thoma Bravo Affiliates
- Everbridge upgraded to Equal Weight from Underweight at Wells Fargo
- Everbridge downgraded to Market Perform from Outperform at William Blair
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