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PROS Holdings Enters Merger Agreement with Thoma Bravo

Story Highlights
  • PROS Holdings will merge with Portofino Parent, LLC, becoming a wholly owned subsidiary.
  • The merger agreement includes a $23.25 per share cash acquisition and customary closing conditions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PROS Holdings Enters Merger Agreement with Thoma Bravo

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PROS Holdings ( (PRO) ) has issued an update.

On September 22, 2025, PROS Holdings, Inc. entered into a merger agreement with Portofino Parent, LLC and its subsidiary, Portofino Merger Sub, Inc., which are affiliated with Thoma Bravo, L.P. The merger will result in PROS Holdings becoming a wholly owned subsidiary of Portofino Parent, with its shares being acquired for $23.25 each in cash. The company’s board has unanimously approved the merger, which includes customary closing conditions and a no-shop clause. The agreement outlines the treatment of equity awards and employee stock purchase plans, ensuring that vested and unvested units are converted into cash rights. The merger is subject to regulatory approvals and shareholder consent, with a termination fee set at $39.6 million if the agreement is terminated under certain conditions.

The most recent analyst rating on (PRO) stock is a Hold with a $23.25 price target. To see the full list of analyst forecasts on PROS Holdings stock, see the PRO Stock Forecast page.

Spark’s Take on PRO Stock

According to Spark, TipRanks’ AI Analyst, PRO is a Neutral.

PROS Holdings’ overall score reflects solid revenue growth and positive earnings call sentiment, offset by high leverage, negative equity, and valuation concerns. Technical indicators suggest mixed momentum, with short-term bullishness but longer-term caution.

To see Spark’s full report on PRO stock, click here.

More about PROS Holdings

Average Trading Volume: 927,697

Technical Sentiment Signal: Sell

Current Market Cap: $789.4M

For an in-depth examination of PRO stock, go to TipRanks’ Overview page.

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