Sumo Logic inventory surges better than 30% on reported buyout curiosity

Sumo Logic Inc.
SUMO,
+28.sixty eight%

inventory soared Monday on a report that the information-analytics computer software agency has been approached by private equity firms expressing curiosity in a attainable buyout. Sumo Logic shares surged better than 30% to an intraday extreme of $10.25, in late afternoon buying and promoting. The rally, which triggered an preliminary halt in buying and promoting, adopted a report from the information that Thoma Bravo, Vista equity companions, and Francisco companions, are trying on the agency as a consequence of the latest acquisition, citing an unnamed supply who’s aware of of the curiosity.

Sourcelink

Comments