Overview
- OneStream shareholders will receive $24 per share in cash, representing a roughly 31% premium to the prior close.
- Shares jumped more than 28% in afternoon trading after the announcement.
- General Atlantic and Tidemark will become minority investors, with the transaction executed through an entity controlled by Hg.
- J.P. Morgan Securities is advising OneStream on the transaction.
- The company says the deal will speed its AI-focused product strategy in a market that includes Oracle, SAP and Workday.