WebMar 27, 2024 · Shares of Blackbaud Inc. BLKB, +1.35% shot up 14.1% toward a 13-month high in premarket trading, after its largest shareholder Clearlake Capital Group L.P. … WebMar 27, 2024 · Blackbaud shares are trading sharply higher after the company received, and turned down, a $71-a-share takeover bid from the private investment firm Clearlake Capital Group.
Blackbaud gains after rejecting unsolicited proposal from Clearlake …
WebMar 27, 2024 · March 27 (Reuters) - Blackbaud Inc (BLKB.O) said on Monday its largest shareholder, Clearlake Capital, had offered to take the company private in a deal that … WebMar 27, 2024 · Clearlake also disclosed that it owned 9.75 million Blackbaud shares, or 18.3% of the shares outstanding. Clearlake plans to hold talks with Blackbaud regarding terms of the proposed buyout. oregon state synthesis courses
: Blackbaud OK’s poison pill after Clearlake discloses talks over ...
WebMar 27, 2024 · Shares in South Carolina-based Blackbaud rose about 20% in trading before the bell, slightly below the offer price of $71. Clearlake Capital, with about $70 billion in assets under management, made an initial investment in Blackbaud in 2024 and currently has an 18.3% stake. WebMar 27, 2024 · Blackbaud, Inc., the leading provider of software for powering social impact, today confirmed that its board of directors received, thoroughly reviewed and rejected an unsolicited, non-binding proposal from Clearlake Capital Group. WebMar 27, 2024 · Clearlake Capital Group, L.P. announced Monday that it has submitted a non-binding proposal for Clearlake to acquire all of the outstanding shares of cloud software platform Blackbaud, Inc. ( BLKB) for $71.00 per share in cash. Clearlake is Blackbaud's single largest stockholder. The offer price per share represents an immediate and … oregon state taxes refund