December 18 - 10:12
30D
LogMeIn to be bought by private equity firms for $4.3 billion
The remote access software firm LogMeIn is to be acquired for $4.3 billion by affiliates of Francisco Partners and Evergreen Coast Capital Corporation, the private equity affiliate of Elliott Management Corporation. The purchase price works out as $86.05 per share in an all-cash deal. LogMeIn owns LastPass, GoToMeeting, GoToWebinar, OpenVoice and join.me.
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