LogMeIn, which provides software and services to help people connect remotely, is selling itself to two private equity firms in a deal that values the tech company at $4.3 billion
LogMeIn Inc. is selling itself to two private-equity companies in an all-cash deal that values the technology company at about $4.3 billion.
Affiliates of Elliott Management Corp. and Francisco Partners are buying LogMeIn for $86.05 a share in cash, a 4.4% premium to the company’s closing price Monday. The stock had risen 25% since October through Monday, amid reports of a possible deal.
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