Smartsheet shares are trading higher following a report indicating Vista and Blackstone are seeking $3.2 billion in private debt to support the proposed acquisition.
Portfolio Pulse from Benzinga Newsdesk
Smartsheet shares are rising due to a report that Vista and Blackstone are seeking $3.2 billion in private debt to support a proposed acquisition.
September 13, 2024 | 6:02 pm
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POSITIVE IMPACT
Smartsheet shares are trading higher following news that Vista and Blackstone are seeking $3.2 billion in private debt to support a proposed acquisition.
The news of Vista and Blackstone seeking significant private debt suggests a strong commitment to the acquisition, which is positively impacting Smartsheet's stock price. Investors are likely optimistic about the potential benefits of the acquisition.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90