ANAPLAN, INC.

(PLAN)
Delayed Nyse  -  04:00 2022-06-21 pm EDT
63.73 USD   +0.58%
06/24ANAPLAN, INC.(NYSE : PLAN) dropped from S&P Software & Services Select Industry Index
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06/24ANAPLAN, INC.(NYSE : PLAN) dropped from S&P Global BMI Index
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06/24ANAPLAN, INC.(NYSE : PLAN) dropped from S&P TMI Index
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Thoma Bravo, L.P. completed the acquisition of Anaplan, Inc. from The Vanguard Group, Inc., FMR LLC and others.

06/22/2022 EDT

Thoma Bravo, L.P. entered into a definitive agreement to acquire Anaplan, Inc. (NYSE:PLAN) from The Vanguard Group, Inc., FMR LLC and others for $10.4 billion on March 20, 2022. Thoma Bravo, L.P. is paying $66 per share in an all-cash transaction valued at approximately $10.7 billion. As n June 6, 2022, parties amended the merger agreement, under which, Thoma Bravo, L.P. will now pay $63.75 per Anaplan share in cash, instead of the original purchase price of $66 per share in cash. Financing for the transaction is being provided by Owl Rock Capital, Blackstone Credit, Golub Capital and Apollo Global Management through their respective managed funds. Equity financing will be provided by Thoma Bravo Fund XV, L.P. Thoma Bravo plans to use Anaplan as a platform for further acquisitions. Thoma Bravo, L.P. shall pay a termination fee of $586 million to Anaplan while Anaplan shall pay a termination fee of $293 million to Thoma Bravo. Thoma Bravo increased the size of Termination Fee from $586,245,000 to $1,000,000,000. Upon completion of the transaction, Anaplan will become a privately held company after ceasing to be a publicly traded company. Anaplan Chief Executive, Frank Calderoni plans to continue to lead the company. The transaction, which was unanimously approved by the Anaplan Board of Directors, is subject to customary closing conditions, including approval by Anaplan stockholders, regulatory approval and expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Amended merger agreement was unanimously approved by the Anaplan Board of Directors. The Amendment also unconditionally and irrevocably waived all of the conditions to closing in the Merger Agreement with respect to Anaplan's representations and warranties. Either party may terminate the Merger Agreement if the Merger is not consummated by September 20, 2022. On June 9, 2022, Anaplan Adjourns Special Meeting of Stockholders to June 21, 2022 The transaction is expected to close in the first half of 2022. The parties continue to expect the transaction to close by June 30, 2022, subject to customary closing conditions, including approval by Anaplan stockholders. Goldman Sachs & Co. LLC and Qatalyst Partners are acting as financial advisors and fairness opinion providers to Anaplan and Brooks Stough, Andrew Luh, Alexa Belonick, Colin D. Chapman, Jay S. DelMonico, Mark M. Foster, Gina M. Marek, Michael N. Richman and Jeffrey R. Vetter of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP and Amr Razzak and Richard J. Grossman of Skadden, Arps, Slate, Meagher & Flom LLP are serving as legal advisors to Anaplan. Bradley C. Reed, Brian Ford, Daniel Schwimmer, Seth Traxler, Aaron Lorber, Kevin Coenen, Adam Kool and Kristen Molloy of Kirkland and Ellis LLP and Cadwalader, Wickersham & Taft LLP acted as legal counsels to Thoma Bravo. Morrison & Foerster LLP acted as legal advisor to Qatalyst Partners LP in the transaction. Anaplan, Inc. retained Morrow Sodali LLC, as Proxy Solicitor at a cost of approximately $25,000 plus expenses. Computershare Trust Company, National Association acted as transfer agent to Anaplan. John L. Savva of Sullivan & Cromwell LLP is acting as legal advisor to Goldman Sachs & Co. LLC in the transaction. Thoma Bravo, L.P. completed the acquisition of Anaplan, Inc. (NYSE:PLAN) from The Vanguard Group, Inc., FMR LLC and others on June 22, 2022. On June 21, 2022, Anaplan, Inc shareholders approved the transaction. With the completion of the acquisition, Anaplan's common stock has ceased trading and will no longer be listed on the New York Stock Exchange.


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All news about ANAPLAN, INC.
06/24ANAPLAN, INC.(NYSE : PLAN) dropped from S&P Software & Services Select Industry Index
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Managers and Directors
J. Charles Goodman Chairman & Chief Executive Officer
Frank A. Calderoni Director & Director
Nadine Pichelot Chief Financial Officer
Sesh Tirumala Chief Information Officer
Fares Alraie Chief Technology Officer
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