Easy as 123 – GI Partners to pay 123% premium for GTY Technology Holdings

April 29, 2022

GTY Technology Holdings Inc. (NASDAQ:GTYH) stated it entered into a definitive agreement to be acquired by a private investment firm, GI Partners, and that it will become a privately held company. Under the announced terms, GTY shareholders will receive $6.30 in cash for each share of GTY common stock, upon completion of the transaction. The purchase price represents a 123% premium over yesterday’s closing share price and an even greater premium over the 52 week low that it hit last week.

[mstock id=”7027″ asset=”GTYH”]

For further information regarding the announcement and terms

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