Brief: Clearwater Analytics To Acquire Enfusion For $1.5 Billion

Enfusion

13/01/2025 11:53

Jan 13 (Reuters) - Clearwater Analytics Holdings Inc
 CWAN.N :
    * CLEARWATER ANALYTICS TO ACQUIRE ENFUSION FOR $1.5 BILLION
EXPANDING ITS INVESTMENT MANAGEMENT PLATFORM WITH FRONT-TO-BACK
CAPABILITIES
    * PURCHASE PRICE IS $11.25 PER SHARE IN CASH AND STOCK
    * PROPOSED DEAL FOR $11.25 PER SHARE
    * TO PAY $30 MILLION TO TERMINATE ENFUSION'S TRA
    * ENFUSION EXPECTS 2024 REVENUE OF $201-202 MILLION

Source text:  ID:nBwyJlHta 
Further company coverage:  CWAN.N 

 ((Reuters.Briefs@thomsonreuters.com;))