Analytics Cloud Platform Company Alteryx Goes Private In $4.4B Deal: Details
Portfolio Pulse from Akanksha Bakshi
Alteryx, Inc. (NYSE:AYX) is set to go private in a $4.4 billion acquisition by Clearlake Capital Group, L.P., and Insight Partners, including debt. Shareholders will receive $48.25 per share, a 59% premium over the stock price before sale speculation. The deal, supported by Alteryx's Board and an independent committee, is expected to close in the first half of 2024, pending shareholder and regulatory approval. Dean Stoecker, with 49% voting power, backs the transaction. AYX shares dropped 2.08% to $47.04.
December 18, 2023 | 3:13 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Alteryx has agreed to a buyout at $48.25 per share, a 59% premium over its pre-speculation price. The transaction is expected to close in the first half of 2024, subject to shareholder and regulatory approval. AYX shares fell 2.08% to $47.04.
The acquisition news is highly relevant and important to Alteryx shareholders as it represents a significant premium over the current trading price, indicating a likely short-term increase in stock price as the market adjusts to the buyout price. However, the slight drop in share price on the day of the announcement may reflect market skepticism about the deal closing or concerns about the loss of future public market growth potential.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100