April 15 (Reuters) - Clearlake Capital Group said on
Monday it had made a fresh offer to buy Blackbaud ( BLKB ) in an
all-cash deal that values the software provider at $4.3 billion.
The new, raised offer values each share of Blackbaud ( BLKB ) at
$80, representing a premium of 4.3% to its last close.
Last year, Clearlake had made an all-cash offer of $71
per share that Blackbaud ( BLKB ) rejected, claiming it undervalued the
company.
Clearlake said it intends to discuss the terms of the
proposed transaction with Blackbaud ( BLKB ).
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Anil
D'Silva and Pooja Desai)