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KeyBanc Downgrades Pros Holdings Amid Acquisition by Thoma Bravo
PROSPROS(US:PRO) Financial Modeling Prep·2025-09-24 01:04

KeyBanc downgraded Pros Holdings (NYSE: PRO) from an Overweight rating to a Sector Weight rating following the announcement of its acquisition by Thoma Bravo.The deal, valued at approximately 1.4billion,highlightsthestrategicimportanceofPROSinthesoftwareindustry,withshareholderssettoreceive1.4 billion, highlights the strategic importance of PROS in the software industry, with shareholders set to receive 23.25 per share in cash.Despite the downgrade, PROS Holdings' stock price reflects a slight decrease, indicating the market's reaction to the acquisition and the company's volatility over the past year. ...