SolarWinds price target raised to $57 from $51 at Jefferies Jefferies raised its price target for SolarWinds shares to $57 saying the company's cash flow potential remains underappreciated. The stock remains a top pick at Jefferies.
SolarWinds announces early termination of HSR waiting period SolarWinds announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, applicable to its proposed acquisition by an affiliate of Silver Lake Partners and Thoma Bravo, was terminated early by the United States Federal Trade Commission and the Antitrust Division of the United States Department of Justice on November 12. As previously announced on October 21, SolarWinds has entered into a definitive agreement to be acquired by leading private equity technology investment firms Silver Lake and Thoma Bravo in a transaction valued at approximately $4.5B. Termination of the HSR Act waiting period is one of the specified conditions to which closing of the Merger is subject. The completion of the Merger remains subject to certain other closing conditions, including adoption of the Merger Agreement by our stockholders and the receipt of certain other non-United States regulatory approvals.