ForgeRock to be Acquire by Thoma Bravo, Shares Surge 48%
<p><a href='https://financialmodelingprep.com/financial-summary/FORG'>ForgeRock, Inc. (NYSE:FORG)</a> shares soared more than 48% on Tuesday following the company’s announcement, according to which it will be acquired by Thoma Bravo in an all-cash deal for $23.25 per share (value around $2.3 billion).</p>
<p>With unanimous approval by the company's board, Deutsche Bank analysts expect this deal gets done with no other bidders likely to emerge. However, whilst it's an outside chance, the analysts see Google as the most likely to have interest given their lack of IAM capabilities vs. Microsoft and AWS as well as having an established GCP/FORG partnership already in place. From a regulatory perspective, the analysts see no impediments to receiving approval. </p>

NYSE:FORG