Brief: PowerSchool to be Acquired by Bain Capital in $5.6 Billion Transaction

PowerSchool Holdings

07/06/2024 13:09

June 7 (Reuters) - Onex Corp  ONEX.TO :
    * POWERSCHOOL TO BE ACQUIRED BY BAIN CAPITAL IN $5.6 BILLION
TRANSACTION
    * POWERSCHOOL HOLDINGS INC: POWERSCHOOL STOCKHOLDERS WILL
RECEIVE
$22.80 PER SHARE IN CASH
    * POWERSCHOOL HOLDINGS INC: VISTA EQUITY PARTNERS AND ONEX
PARTNERS WILL CONTINUE TO HAVE MINORITY INVESTMENTS IN
POWERSCHOOL
    * POWERSCHOOL: POWERSCHOOL WILL REMAIN A STANDALONE CO, AND
ITS
BUSINESS OPERATIONS AND CUSTOMER SERVICE WILL CONTINUE WITHOUT
INTERRUPTION
    * POWERSCHOOL HOLDINGS INC - UPON COMPLETION OF TRANSACTION,
POWERSCHOOL'S COMMON STOCK WILL NO LONGER BE PUBLICLY LISTED ON
NEW YORK STOCK EXCHANGE

Source text for Eikon:  ID:nBwzfFKba 
Further company coverage:  ONEX.TO 

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