Blackbaud shares are trading higher following a report suggesting Clearlake is renewing its pursuit of the company.
Portfolio Pulse from Benzinga Newsdesk
Blackbaud's stock price has increased after reports emerged that Clearlake is considering renewing its efforts to acquire the company.
April 11, 2024 | 4:37 pm
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Blackbaud's shares have risen following reports of Clearlake's renewed interest in acquiring the company.
The news of Clearlake's renewed interest in acquiring Blackbaud is likely to create positive sentiment among investors, leading to a short-term increase in BLKB's stock price. The anticipation of a potential acquisition deal often results in increased stock prices due to the premium typically paid over the current market price in such transactions.
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