Published on 23 Jan 2023 on Market Watch
Sumo Logic Inc. stock soared Monday on a report that the data-analytics software company has been approached by private equity firms expressing interest in a possible buyout. Sumo Logic shares surged more than 30% to an intraday high of $10.25, in late afternoon trading. The rally, which triggered an initial halt in trading, followed a report from that Thoma Bravo, Vista Equity Partners, and Francisco Partners, are looking at the company as the latest acquisition, citing an unnamed source who knows of the interest.
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