Sumo Logic stock up 15%; PE heavyweight nears deal for software company, WSJ says
2/8/23 5:21 PM ET (MarketWatch)Print
Shares of Sumo Logic Inc. (SUMO) rallied more than 15% in the extended session Wednesday after The Wall Street Journal reported that private-equity firm Francisco Partners is nearing a $1.7 billion deal for the software provider. The deal could be unveiled as soon as Thursday, the report said, citing people familiar with the talks. Sumo Logic has a market cap of around $1.46 billion. Shares of Sumo Logic ended the regular trading day up 0.9%
-Claudia Assis
(END) Dow Jones Newswires
February 08, 2023 17:21 ET (22:21 GMT)
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