Vista Equity And Blackstone Close To Deal To Acquire Smartsheet For Approximately $56 Per Share, Valuing The Company At Nearly $8B
Portfolio Pulse from Benzinga Newsdesk
Vista Equity and Blackstone are nearing a deal to acquire Smartsheet for approximately $56 per share, valuing the company at nearly $8 billion.
September 16, 2024 | 6:19 pm
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Smartsheet is reportedly being acquired by Vista Equity and Blackstone for $56 per share, valuing the company at nearly $8 billion. This acquisition could lead to a short-term increase in SMAR's stock price as the market reacts to the premium being offered.
The acquisition price of $56 per share represents a premium over the current market price, which typically results in a short-term increase in the stock price as investors react to the news. The involvement of major firms like Vista Equity and Blackstone adds credibility and potential positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100