Software firm Blackbaud gets buyout offer from Clearlake Capital (updated)
27/03/2023 12:46
(Adds details, shares)
March 27 (Reuters) - Software firm Blackbaud Inc
BLKD.O on Monday said it had received a buyout offer from
private-equity firm Clearlake Capital for $3.78 billion in cash.
The offer price of $71 per share is a premium of about 23%
to Blackbaud's Friday close.
Shares in South Carolina-based Blackbaud, which provides
donor data management software rose about 20% in premarket
trading.
(Reporting by Eva Mathews in Bengaluru; Editing by Anil
D'Silva)
((Eva.Mathews@thomsonreuters.com;))