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Wednesday, April 23, 2025

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$3.7 Billion Merger

Directors are selling Ellie Mae Inc. too cheaply through an unfair process to an affiliate of Thoma Bravo, for $99 a share or $3.7 billion, shareholders of the cloud-based mortgage finance company say in a <strong><a rel="noreferrer noopener" aria-label="federal class action (opens in a new tab)" href="http://www.courthousenews.com/wp-content/uploads/2019/03/Ellie-Mae.pdf" target="_blank">federal class action</a></strong>.

SAN FRANCISCO — Directors are selling Ellie Mae Inc. too cheaply through an unfair process to an affiliate of Thoma Bravo, for $99 a share or $3.7 billion, shareholders of the cloud-based mortgage finance company say in a federal class action .

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