US: SolarWinds $4.5 billion acquisition gets green light from feds

SolarWinds proposed $4.5 billion acquisition by two investment groups can move ahead.

The Austin company disclosed Monday that the Federal Trade Commission and the antitrust division of the US Department of Justice terminated the antitrust waiting period requirement on Nov. 12, according to a filing with the US Securities and Exchange Commission. The waiting period allows individuals or companies to object to a proposed acquisition on antitrust grounds.

The waiting period required is mandated by the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The proposed deal still remains subject to other closing conditions, including the approval of stockholders, the filing indicates.

Last month, SolarWinds disclosed reaching an agreement to be bought by investment firms Thoma Bravo and Silver Lake Partners in a deal worth about $4.5 billion. Silver Lake and Thoma Bravo agreed to pay shareholders $60.10 per share, according to an SEC filing.

Full content: Austin Business Journal

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