William Blair analyst Jason Ader downgraded Couchbase (BASE) to Market Perform from Outperform after Haveli Investments announced an agreement to acquire Couchbase for $1.5B, or $24.50 per share in cash. The deal is “generally a good outcome” for shareholders with “a reasonable multiple” being paid for a company at this scale and growth rate, but which has yet to reach profitability, the analyst tells investors.
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Read More on BASE:
- Couchbase downgraded to Neutral from Buy at Rosenblatt
- M&A News: AI Group Couchbase Agrees to $1.5B Takeover By PE Firm Haveli Investments
- Couchbase jumps 28% after agreeing to be acquired for $24.50 per share
- Couchbase to be acquired by Haveli Investments for $1.5B in cash
- Couchbase stockholders to receive $24.50 per share in cash in go-private deal