Qualtrics gets $12.4 bln buyout offer from Silver Lake, Canada's CPPIB

Qualtrics International

06/03/2023 14:41

March 6 (Reuters) - Software maker Qualtrics
International Inc  XM.O  said on Monday it had received a $12.4
billion buyout offer from private-equity firm Silver Lake
Management and Canada Pension Plan Investment Board (CPPIB).
    The deal values each stock of Qualtrics at $18.15, a premium
of nearly 6% to the company's last closing price.
    Shares of Qualtrics, which is majority owned by Germany's
SAP  SAPG.DE , rose 2.8% in early trading.

 (Reporting by Yuvraj Malik in Bengaluru; editing by Uttaresh
Venkateshwaran)
 ((yuvraj.malik@thomsonreuters.com;))