Smartsheet shares are trading higher after Blackstone and Vista Equity Partners announced they are acquiring the company for a transaction value of $8.4 billion in cash.
Portfolio Pulse from Benzinga Newsdesk
Smartsheet shares rise as Blackstone and Vista Equity Partners announce acquisition for $8.4 billion in cash.
September 24, 2024 | 1:34 pm
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Smartsheet shares are trading higher following the announcement of its acquisition by Blackstone and Vista Equity Partners for $8.4 billion in cash.
The acquisition by Blackstone and Vista Equity Partners is a significant event for Smartsheet, leading to a rise in its stock price. The $8.4 billion cash transaction indicates a strong valuation and investor confidence.
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