Smartsheet rises on $8.4 bln go-private deal with Blackstone and Vista

Smartsheet

24/09/2024 14:21

** Shares of collaboration software maker Smartsheet
 SMAR.N  rise 5.8% to $55.11 premarket
    ** Smartsheet agrees be aquired by buyout firm Blackstone
and Vista Equity Partners, in all-cash deal valued at about $8.4
bln
    ** The deal, expected to close in the Q4, values each share
of SMAR at $56.50
    ** The merger agreement includes a 45-day "go-shop" period
that expires on Nov. 8 
    ** Up to last close, SMAR stock had risen ~9% YTD

 (Reporting by Priyanka.G in Bengaluru)
 ((priyanka.g@thomsonreuters.com;))