SolarWinds Inc. (SWI) announced Wednesday morning that it has agreed to be acquired by Silver Lake Partners and Thoma Bravo LLC for $60.10 per share or approximately $4.5 billion in cash.
SolarWinds gapped open dramatically higher Wednesday and climbed in early trade, before settling into a narrow range. The stock ended the day with a gain of 8.11 at $58.31, with volume at a 3-month high. SolarWinds soared past resistance and set a new high for the year.
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