m_and_a
confidence high
sentiment neutral
materiality 1.00
Haveli Investments completes $1.5B all-cash acquisition of Couchbase; stock delisted
Couchbase, Inc.
- Acquisition by Haveli Investments completed at $24.50 per share in cash, aggregate ~$1.5B.
- Couchbase common stock ceased trading on Nasdaq; delisting and deregistration filed.
- All outstanding Couchbase RSUs and options cancelled/converted to cash based on $24.50/share.
- New credit facilities entered: $150M Holdco term loan and $450M Opco term loan plus $40M revolver.
- Entire board replaced; directors resigned, Brian Sheth and Sumit Pande appointed.
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