Kneat.com Inc has officially been acquired by Thoma Bravo, marking a significant change for the company and its shareholders.
This week, Kneat.com Inc (KSI.TO) has been in the spotlight following the completion of its acquisition by Thoma Bravo, a notable software-focused investment firm. Shareholders received C$6.50 per share in an all-cash transaction valued at approximately C$650 million, leading to a cessation of trading for Kneat's shares on the Toronto Stock Exchange.
Investor takeaway: With the acquisition now complete, Kneat.com Inc's stock has ceased trading, indicating a transition from a publicly traded entity to a privately held one under Thoma Bravo. Investors should consider the implications of this transition on their investment strategies.
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Kneat.com Inc
KSI.TO
KSI.TO
Kneat.com Inc
WealthAwesomeMarket cap
$627.72M
52W high
$6.50
52W low
$3.23
1W change
+0.00%
Beta
1.33
Analyst Price Targets
Based on analyst covering KSI
Wall Street analysts forecast KSI stock price to fall 2.3% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$6.35
-2.3% Upside
Current Price
C$6.50
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on KSI's historical volatility
30-Day Vol
2.7%
Annualized
90-Day Vol
41.5%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$7.77
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$6.90 | C$6.83 โ C$6.96 |
| 60 trading days | C$7.32 | C$7.22 โ C$7.42 |
| 90 trading days | C$7.77 | C$7.64 โ C$7.90 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Kneat.com Inc's shares ceased trading at C$6.50 following acquisition.
The acquisition by Thoma Bravo represents a significant valuation for Kneat.com Inc, reflecting a premium for shareholders amid a backdrop of ongoing operational challenges.
Bull case
The acquisition by Thoma Bravo could give Kneat.com access to more resources and strategic guidance. This support may lead to better growth opportunities in the healthcare sector.
Bear case
On the downside, the cessation of trading may limit liquidity for former shareholders. Additionally, the negative profit margins and return on equity reported before the acquisition could raise concerns about the company's future performance.
Recent Price Action
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Kneat.com Inc's stock has seen no trading activity this week as it has officially ceased trading following its acquisition by Thoma Bravo. The last recorded price was C$6.50, with a performance of +0.00% for the day and week, and a modest increase of +0.46% over the past month.
Company News and Acquisition Details
The acquisition of Kneat.com Inc by Thoma Bravo has been finalized, with the Ontario Superior Court of Justice issuing a final order approving the transaction. This acquisition has been framed as a value-maximizing move, with shareholders overwhelmingly approving the plan during a special meeting. The all-cash transaction values the company at approximately C$650 million.
Technical Picture
Prior to its acquisition, Kneat.com Inc showed a last close of C$6.50, with a 50-day moving average at C$6.36, indicating a slight upward trend. The 200-day moving average stood at C$4.92, reflecting a significant increase of 32.1% compared to the current price. The stock's 52-week range was between C$3.23 and C$6.50, with a beta of 1.33 suggesting higher volatility than the market average. Trading volume was reported at 103,025 shares, which is about 0.61 times the 20-day average volume of 169,134 shares.
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