Sumo Logic stock surges much more than 30% on claimed buyout interest

Sumo Logic Inc.
SUMO,
+24.58%
inventory soared Monday on a report that the facts-analytics software program firm has been approached by personal fairness companies expressing curiosity in a feasible buyout. Sumo Logic shares surged much more than 30% to an intraday substantial of $10.25, in late afternoon buying and selling. The rally, which induced an initial halt in buying and selling, adopted a report from The Data that Thoma Bravo, Vista Equity Partners, and Francisco Partners, are searching at the firm as the hottest acquisition, citing an unnamed source who understands of the fascination.