11:09 AM EDT, 08/26/2025 (MT Newswires) -- Verint Systems' ( VRNT ) acquisition by Thoma Bravo for about $2 billion in cash, at $20.50 per share, is a price considered "reasonable," RBC Capital Markets said in a note emailed Tuesday.

"The transaction has been approved by the Board and is expected to close by fiscal year-end (January 2026), subject to normal closing conditions," RBC said, adding that no competing bids are expected.

Following the acquisition, Verint ( VRNT ) will be combined with Calabrio, a Thoma Bravo portfolio company, to create a broader artificial intelligence-powered customer experience platform, the note said.

The offer represents an 18% premium to Verint's ( VRNT ) unaffected share price on June 25 but is roughly in line with recent trading levels. Analysts at RBC said the valuation appears reasonable but noted some investors had anticipated a higher takeout price in the $22 to $24 range, RBC said.

Verint ( VRNT ), which has emphasized growth in artificial intelligence-driven annual recurring revenue, will suspend quarterly guidance and earnings calls ahead of the deal's close. Shareholders representing about 14.5% of voting power have already agreed to support the transaction, the note said.

RBC has lowered Verint's ( VRNT ) rating to sector perform from outperform and reduced its price target to $20.50 from $29.

Price: 20.26, Change: +0.05, Percent Change: +0.27