Alteryx Announced That It Has Entered Into A Definitive Agreement To Be Acquired By Clearlake Capital Group And Insight Partners In Transaction Valued At $4.4B; Upon Completion Of Transaction, Alteryx Will Become A Privately Held Company
Portfolio Pulse from Benzinga Newsdesk
Alteryx has agreed to be acquired by Clearlake Capital Group and Insight Partners for $4.4 billion. Shareholders will receive $48.25 per share in cash, a 59% premium to the unaffected share price. After the acquisition, Alteryx will become a private company.
December 18, 2023 | 1:34 pm
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Alteryx has entered into an acquisition agreement with Clearlake Capital Group and Insight Partners for $4.4 billion, with shareholders receiving $48.25 per share in cash.
The acquisition agreement is likely to have a positive short-term impact on Alteryx's stock price due to the significant premium offered to shareholders. The price represents a 59% premium over the unaffected share price, which typically leads to an increase in the stock price as the market adjusts to the acquisition terms.
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