MB Stock Price – Mindbody Inc. Stock Quote (U.S.: Nasdaq)


Mindbody to be acquired by Vista Equity for 68% premium, in a deal valued at $1.9 billion

Mindbody Inc. announced Monday a deal to be acquired by San Francisco-based private equity firm Vista Equity Partners in a deal valued at $1.9 billion. Shares of the technology platform for the fitness, beauty and wellness industries were inactive prior to a trading halt for news, which is set to be lifted at 8:30 a.m. Under terms of the deal, Vista will pay $36.50 in cash for each Mindbody share outstanding, representing a 68% premium to Friday’s closing price of $21.72. The deal is expected to close in the first quarter of 2019, and includes a 30-day “go-shop” period in which Mindbody can solicit other acquisition proposals. Mindbody’s stock has tumbled 49% over the past three months through Friday, while the S&P 500 has shed 17%.

Source : MTV