Smartsheet shares are trading higher following a report indicating Blackstone and Vista Equity are nearing a deal to buy the company for around $56 per share.
Portfolio Pulse from Benzinga Newsdesk
Smartsheet shares are rising due to reports that Blackstone and Vista Equity are close to acquiring the company for approximately $56 per share.
September 16, 2024 | 6:20 pm
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Smartsheet shares are trading higher on news that Blackstone and Vista Equity are nearing a deal to acquire the company for $56 per share.
The news of a potential acquisition by Blackstone and Vista Equity at a premium price of $56 per share is driving Smartsheet's stock price higher. Such acquisition news typically leads to a positive short-term impact on the stock price as investors anticipate the deal's completion.
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