HireRight To Be Acquired By General Atlantic And Stone Point Capital; Stockholders To Receive $14.35 Per Share In Cash
Portfolio Pulse from Benzinga Newsdesk
HireRight, identified by its ticker symbol HRT, is set to be acquired by private equity firms General Atlantic and Stone Point Capital. Under the terms of the agreement, HireRight stockholders will receive $14.35 per share in cash. This acquisition marks a significant move in the employment background checks and screening industry, potentially altering the competitive landscape.
February 16, 2024 | 1:04 pm
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HireRight is being acquired by General Atlantic and Stone Point Capital, with stockholders receiving $14.35 per share in cash. This acquisition could significantly impact HireRight's market position and financial outlook.
The acquisition of HireRight by General Atlantic and Stone Point Capital at $14.35 per share in cash is likely to have a positive short-term impact on HRT's stock price. The cash offer provides immediate liquidity to shareholders at a premium, which is generally viewed favorably by the market. Additionally, being acquired by reputable private equity firms could be seen as a vote of confidence in HireRight's business model and future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100