BTIG says Olo acquisition by Thoma Bravo a ‘very good deal’ for shareholders

BTIG maintained a Neutral rating on Olo (OLO) following the announcement that Olo has entered into a definitive agreement to be acquired by Thoma Bravo for $10.25 per share, which is a 15% premium from Wednesday’s closing price, and values Olo at $2B equity value. The firm sees the deal as likely to close and called it a “very favorable price” for Olo shareholders.