LogMeIn To Be Acquired

LogMeIn has entered a definitive agreement to be acquired by affiliates of Francisco Partners and Evergreen Coast Capital Corporation, two leading technology-focused private equity firms that are known for helping companies realize their full potential, for approximately $4.3 billion, or $86.05 per share, in cash. You can learn more about the announcement by reading the  press release, but here is some additional context on why this is happening.

In Francisco Partners and Evergreen, LogMeIn will gain experienced partners that believe in and are supportive of their growth and focus on customer-centric innovation. They believe that our partnership with Francisco Partners and Evergreen will help put LogMeIn in a position to deliver the operational benefits that they need to tackle even more of their customers’ most pressing and essential needs.

This proposed transaction is anticipated to close in mid-2020 and is subject to shareholder approval, regulatory approvals and other customary closing conditions. Until the closing, LogMeIn remains an independent, publicly traded company.

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