According to Bloomberg, LogMeIn (LOGM) approached by Francisco Partners Management and Elliott Management

  • December 12, 2019


StockLogMeIn, Inc.SymbolLOGM
Date Announced12/11/2019Source Bloomberg
TypeNews Report
Date of Confirmation: 12/17/2019Price at Confirmation: $85.95
Potential Profit: 7.67%Annualized Profit: 466.37%

Private equity firm Francisco Partners Management has partnered with hedge fund Elliott Management Corp. in a bid to take workplace software provider LogMeIn Inc. (LOGM) private for more than $4 billion, according to people familiar with the matter.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.