Sunday, October 24, 2021
69 F
Fort Worth

Westlake’s Solera acquired for $3.74 billion

🕐 1 min read

Solera Holdings Inc. of Westlake (NYSE: SLH) announced Dec. 8 its shareholders have voted to accept the previously announced merger agreement with an affiliate of Vista Equity Partners for about $3.74 billion in cash or $55.85 per share.

Solera Holdings, which makes insurance claims software, said earlier this year it was exploring a sale.

Solera closed on Monday at $54.48.

The companies put the deal’s value at about $6.5 billion, including debt, when it originally announced the deal in September.

The completion of the merger is currently expected to occur in the early part of the first quarter of 2016.

Vista Equity Partners is an investment firm with offices in Austin, Chicago and San Francisco, with more than $14 billion in capital commitments. It currently invests in software, data and technology-based organizations led by world-class management teams with long-term perspective, according to the company’s website.

Related Articles

Our Digital Sponsors

Latest Articles

Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate