
Verint Systems Inc. (NASDAQ:VRNT) announced on Monday it entered into a definitive agreement to be acquired by private equity firm Thoma Bravo in an all-cash deal valued at $2 billion.
Under the terms, shareholders will receive $20.50 per share, representing an 18% premium to Verint's unaffected stock price before reports of a possible sale in late June. The deal, which was unanimously approved by Verint's board, is expected to close before the end of the company's current fiscal year.