CNBC's David Faber On X Posts "Smartsheet deal is done. $56.50 a share in cash. Blackstone and Vista Equity the buyers as has been reported. Announcement imminent."
Portfolio Pulse from Benzinga Newsdesk
Smartsheet has been acquired by Blackstone and Vista Equity for $56.50 per share in cash. The deal is finalized, and an official announcement is expected soon.
September 24, 2024 | 12:55 pm
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POSITIVE IMPACT
Smartsheet has been acquired by Blackstone and Vista Equity for $56.50 per share in cash. This acquisition is likely to positively impact SMAR's stock price in the short term as the deal is finalized and an official announcement is imminent.
The acquisition of Smartsheet by Blackstone and Vista Equity at a premium price of $56.50 per share is likely to boost investor confidence and drive the stock price up in the short term. The deal's finalization and imminent announcement further support this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100