Clearlake Sweetens Blackbaud Bid to $4.1 Billion After Rebuff [Financial Post (Toronto, Ontario, Canada)]
Blackbaud, Inc. (BLKB)
Last blackbaud, inc. earnings: 2/10 04:10 pm
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Clearlake Capital Group LP has made a sweetened bid to acquire Blackbaud Inc., offering $80 a share about a year after its last approach was rebuffed by the cloud software provider. The investment firm on Sunday sent a letter to the Blackbaud board with the non-binding offer, according to a filing Monday with the Securities and Exchange Commission. The bid values the Charleston, South Carolina-based company at $4.13 billion based on 51.6 million shares outstanding, according to data compiled by Bloomberg. Article content Article content Bloomberg News reported last week that Clearlake was talking to potential advisers about making the fresh offer. The firm already owns about 18% of Blackbaud's outstanding stock, according to the filing. Blackbaud rejected an unsolicited $71 per share cash offer from Clearlake in March 2023, which the company s
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News
- Blackbaud, Inc. (NASDAQ: BLKB) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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BLKB
Earnings
- 2/12/24 - Beat
BLKB
Sec Filings
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- 4/15/24 - Form 4
- BLKB's page on the SEC website