Olo Inc. has rejected a higher unsolicited purchase offer and will proceed with its earlier agreement with Thoma Bravo for $10.25 per share. Analysts’ average price target suggests a slight upside from the current market price, but the GF Value indicates a potential downside based on historical and future performance estimates.Olo Inc. (NYSE: OLO), a …
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July 3 (Reuters) – Buyout firm Thoma Bravo has agreed to acquire Olo (OLO.N), opens new tab in an all-cash deal valuing the company at about $2 billion, the restaurant software provider said on Thursday, sending its shares up more than 13% in early trading. Olo shareholders will receive $10.25 per share in cash under the terms …
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Dive Brief: Dive Insight: Despite having a successful IPO, the chain has struggled in recent quarters, laying off 9% of its corporate staff in September to position the company for balanced growth. That was in addition to an 11% cut to its staff in June 2023. Tech companies have struggled on the stock market in the past few years. …
