Why RealPage Stock Was Soaring Today

Shares of RealPage (NASDAQ: RP) were jumping today after the property-management technology company agreed to be acquired by private equity firm Thoma Bravo.

As of 11:22 a.m. EST, the stock was up 29.2% to $87.65, slightly below the buyout price of $88.75, indicating a solid level of confidence that the deal will go through as announced.

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Source Fool.com