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Dun & Bradstreet confirms takeover interest, hires Bank of America to evaluate offers
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Dun & Bradstreet confirms takeover interest, hires Bank of America to evaluate offers
Aug 5, 2024 7:25 AM

Aug 5 (Reuters) - Dun & Bradstreet ( DNB ) said it has

received "inbound interest" and was working with Bank of America ( BAC )

to evaluate the inquiries, days after a report that the

data and analytics provider was exploring options including a

potential sale.

The company said on Monday that the interest was from third

parties, but did not provide any further details.

Dun & Bradstreet ( DNB ) was working with investment bankers at Bank

of America ( BAC ) to evaluate takeover interest from potential buyers,

which include private equity firms, Reuters reported on Friday,

citing people familiar with the matter.

The data and analytics provider's shares closed at $11.82 on

Friday, highest in more than six months, giving the company a

market value of more than $5 billion.

Dun & Bradstreet ( DNB ), which traces its origins to 1841, is one

of Wall Street's oldest data and analytics providers. It

currently serves about 135,000 businesses, including 90% of the

Fortune 500 companies, according to its website.

The company went public in New York in 2020, less than two

years after an investor consortium led by CC Capital, Cannae and

Thomas H. Lee Partners took it private.

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