Dun & Bradstreet hits over 1-yr high after report company exploring sale

Dun & Bradstreet Holdings

02/08/2024 18:45

(Updates)
    ** Shares of data and analytics provider Dun & Bradstreet
 DNB.N  jump as much as 23.9%, hitting over 1-year high; last up
 16.6% at $11.99
    ** Stock halted twice for volatility
    ** DNB is exploring options including a potential sale,
Reuters reports, citing people familiar with the matter 
    ** Florida-based DNB working with Bank of America  BAC.N  to
evaluate takeover interest from potential buyers including
private equity firms
    ** No deal is certain, sources say
    ** DNB currently has a market cap of $5.27 bln - LSEG data
    ** BAC declined to comment, while Dun & Bradstreet did not
immediately respond to a Reuters request for comment
    ** As of last close, DNB shares down 12.1% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))