PowerSchool To Be Acquired By Bain Capital: Transaction Is Expected To Close In Second Half Of 2024, Upon Completion Company's Common Stock Will No Longer Be Publicly Listed On The New York Stock Exchange
Portfolio Pulse from Benzinga Newsdesk
PowerSchool is set to be acquired by Bain Capital, with the transaction expected to close in the second half of 2024. Upon completion, PowerSchool's common stock will no longer be publicly listed on the New York Stock Exchange.
June 07, 2024 | 11:53 am
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PowerSchool is being acquired by Bain Capital, with the deal expected to close in the second half of 2024. Post-acquisition, PWSC will be delisted from the NYSE.
The acquisition by Bain Capital is a significant event for PowerSchool. The stock is likely to see positive movement in the short term due to the acquisition premium. However, investors should be aware that the stock will be delisted from the NYSE upon completion of the transaction.
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