Nearmap investors are disappointed US private equity giant Thoma Bravo didn’t increase the price of its bid, but one of the stock’s biggest holders concedes the $1.1 billion deal is likely done.
On Monday Thoma Bravo formalised its $2.10 per share bid for the aerial imaging software company, and won the support of the Nearmap board, which recommended it to shareholders.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
