PropertyGuru to Be Acquired by EQT Private Capital in $1.1B All-Cash Deal, Will Stop Trading on NYSE
Portfolio Pulse from Benzinga Newsdesk
PropertyGuru Group Limited (NYSE:PGRU) will be acquired by EQT Private Capital in an all-cash deal valued at $1.1 billion. The transaction, expected to close in Q4 2024 or Q1 2025, will result in PropertyGuru ceasing to trade on the NYSE and becoming a private company.
August 16, 2024 | 7:39 am
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PropertyGuru Group Limited (NYSE:PGRU) will be acquired by EQT Private Capital in an all-cash deal valued at $1.1 billion. The transaction will result in PropertyGuru ceasing to trade on the NYSE and becoming a private company.
The acquisition by EQT Private Capital at a 52% premium to the last unaffected trading day price is likely to drive PGRU's stock price up in the short term. The deal's completion will result in the stock ceasing to trade on the NYSE.
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