Blackstone And Vista Equity Partners To Acquire Smartsheet For $56.50/Share In Cash, Transaction Valued At ~$8.4B; Expected To Close In Smartsheet's Q4, Ending Jan. 31, 2025
Portfolio Pulse from Benzinga Newsdesk
Blackstone and Vista Equity Partners are set to acquire Smartsheet for $56.50 per share in cash, valuing the transaction at approximately $8.4 billion. The deal is expected to close in Smartsheet's Q4, ending January 31, 2025.
September 24, 2024 | 1:06 pm
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Smartsheet is being acquired by Blackstone and Vista Equity Partners for $56.50 per share, valuing the company at $8.4 billion. The acquisition is expected to close by the end of Smartsheet's Q4, January 31, 2025.
The acquisition price of $56.50 per share represents a premium over the current trading price, likely leading to a short-term increase in SMAR's stock price. The deal's closure by Q4 2025 provides a timeline for investors.
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