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Stock impact report

Stock Market Today, Dec. 22: Clearwater Analytics Surges on $8.4 Billion Take-Private Deal [Yahoo! Finance]

BlackLine, Inc. (BL) 
NASDAQ:AMEX Investor Relations: investors.blackline.com
Company Research Source: Yahoo! Finance
aggregation, reconciliation, accounting, and reporting rose on overnight news of a take-private deal. The company said it had entered a definitive agreement to be acquired by a group of private equity firms led by Permira and Warburg Pincus in an $8.4 billion all-cash deal. Clearwater Analytics IPO'ed in 2021 and has fallen 5% since going public. Monday's trading volume reached 91.1 million shares, coming in almost 1,500% above its three-month average of 5.8 million shares. The S&P 500 (SNPINDEX:^GSPC) added 0.64% to finish at 6,878, while the Nasdaq Composite (NASDAQINDEX:^IXIC) rose 0.52% to 23,429. Within application software, industry peer BlackLine (NASDAQ:BL) gained 0.86% to $58.34, as investors in software platforms continue to track private-equity interest and M&A valuations across the group. Clearwater's board of directors announced yesterday that it had approved the merger agreement, subject to stockholder and regulatory approval. The deal would give shareholders $24.5 Show less Read more
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