Datto Holding to be Acquired by Kaseya For $6.2 Billion
<p><a href='https://financialmodelingprep.com/financial-summary/MSP'>Datto Holding Corp. (NYSE:MSP) </a>shares closed around 20% higher on Monday, following the company’s announcement that it had entered into a definitive agreement to be acquired by Kaseya in an all-cash transaction valued at around $6.2 billion, or $35.50 per share.</p>
<p>The announcement follows a number of recent software transactions and is expected to close in the second half of the year. </p>
<p>Analysts at RBC Capital downgraded the stock to sector perform from outperform and increased their price target to $35.50 from $34 following the announcement. The analysts believe the acquisition price of $35.50 is fair and a 9% premium to the stock's all-time high in November 2020 shortly after the company's IPO.</p>

NYSE:MSP