Couchbase announces shareholders approval of Haveli acquisition for $1.5B

Couchbase (BASE) announced that its shareholders have voted to approve the acquisition by Haveli Investments in an all-cash transaction valued at $1.5B. The transaction was previously announced on June 20. With the completion of the acquisition, Couchbase will become a privately held company, and shareholders will be entitled to receive $24.50 per share of Couchbase common stock owned immediately prior to closing. Couchbase’s common stock will cease trading and will be delisted from the Nasdaq Stock Market. The transaction is expected to be completed following receipt of remaining required regulatory approvals and satisfaction of customary closing conditions. Morgan Stanley & Co. served as exclusive financial advisor to Couchbase, and Wilson Sonsini Goodrich & Rosati, Professional Corporation served as legal counsel. Latham & Watkins served as legal counsel and Jefferies served as the lead financial advisor to Haveli Investments.