Pam Lopker, QAD founder will continue to hold what was described as a “significant ownership interest in the company” and remain as president. Anton Chilton will stay as CEO, along with the rest of the executive team.
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THOMA BRAVO BUYING QAD FOR $2B Featured
Private equity firm Thoma Bravo will take QAD private in a $2 billion deal. QAD shareholders will receive $87.50 per share in cash, which was a premium of about 20 percent over the last close before the announcement.
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