Perficient To Be Acquired By EQT For $76/Share In Cash
Portfolio Pulse from Charles Gross
Perficient, Inc. (NASDAQ:PRFT) is set to be acquired by an affiliate of BPEA Private Equity Fund VIII, part of EQT AB, in an all-cash transaction valued at approximately $3.0 billion. Stockholders of Perficient will receive $76.00 per share in cash, a 75% premium over the closing stock price on April 29, 2024, and a 51% premium to the 30-day volume-weighted average share price ending on that date.
May 05, 2024 | 11:13 pm
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Perficient, Inc. is being acquired by EQT for $76/share in cash, representing a significant premium over its recent closing and average prices.
The acquisition of Perficient by EQT at a substantial premium to its recent stock prices is likely to have a positive short-term impact on PRFT's stock price. The premium offered reflects a strong valuation of PRFT, indicating investor confidence and a bullish outlook for the company's stock. The announcement of such a significant premium typically leads to an increase in the stock price as the market adjusts to the new valuation.
CONFIDENCE 95
IMPORTANCE 100
RELEVANCE 100