Progress Software considers acquiring MariaDB plc for $40.6M, offering 60 cents/share, a 9% premium over K1 Capital's bid and a 216% premium over Feb 5'

Progress Software Corp. has announced a possible offer to acquire all shares of MariaDB plc for $0.60/share in cash, valuing the entire issued capital at around $40.6 million. The offer includes a 9% premium to a possible offer by K1 Capital and a 216% premium to MariaDB's closing share price on February 5. The acquisition is subject to certain preconditions and there is no certainty that an offer will be made.

April 19, 2024
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