Brief: Qualtrics To Be Acquired By Silver Lake And CPP Investments For $12.5 Billion

Qualtrics International

13/03/2023 05:05

March 13 (Reuters) - Qualtrics International Inc  XM.O :
    * QUALTRICS TO BE ACQUIRED BY SILVER LAKE AND CPP
INVESTMENTS FOR
$12.5 BILLION
    * QUALTRICS SHAREHOLDERS TO RECEIVE $18.15 PER SHARE IN
CASH, A
73% PREMIUM TO 30-DAY UNAFFECTED VWAP
    * REACHES DEFINITIVE AGREEMENT TO BECOME AN INDEPENDENT,
PRIVATE
COMPANY
    * QUALTRICS WILL CONTINUE TO BE LED BY CHIEF EXECUTIVE
OFFICER ZIG
SERAFIN
    * COMPANY WILL REMAIN HEADQUARTERED IN PROVO, UTAH AND
SEATTLE,
WASHINGTON
    * TRANSACTION IS FULLY FINANCED
    * QUALTRICS - EQUITY COMMITMENTS FROM SILVER LAKE AND
CO-INVESTORS
TOGETHER WITH $1.75 BILLION IN EQUITY FROM CPP INVESTMENTS AND
$1 BILLION IN DEBT.
    * SAYS QUALTRICS'S COMMON STOCK WILL NO LONGER BE LISTED ON
ANY
PUBLIC MARKET
    * QUALTRICS - QUALTRICS'S BOARD OF DIRECTORS, AS WELL AS A
QUALTRICS COMMITTEE OF INDEPENDENT DIRECTORS, HAS APPROVED
TRANSACTION
    * TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF
    * QUALTRICS - QUALTRICS AND SAP INTEND TO MAINTAIN A
GO-TO-MARKET
AND TECH PARTNERSHIP TO BOTH SERVICE EXISTING JOINT CUSTOMERS

Source text for Eikon:  ID:nBwbZMHza 
Further company coverage:  XM.O 

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