financetom
Business
financetom
/
Business
/
Dun & Bradstreet To Go Private In $7.7 Billion Clearlake Deal—Stock Pops On Buyout News
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Dun & Bradstreet To Go Private In $7.7 Billion Clearlake Deal—Stock Pops On Buyout News
Mar 24, 2025 6:30 AM

Shares of data and analytics company Dun & Bradstreet Holdings, Inc. ( DNB ) are trading higher in premarket on Monday.

Clearlake Capital Group, an investment firm, has announced its agreement to acquire Dun & Bradstreet Holdings, Inc. ( DNB ) in a transaction valued at $7.7 billion, including outstanding debt / with an equity value of $4.1 billion.

Under the terms of the agreement, which has received unanimous approval from Dun & Bradstreet’s Board of Directors, shareholders will receive $9.15 in cash for each share they hold, including the company’s outstanding debt.

The per share price represents a premium of 5% to Friday’s closing price of $8.73.

Clearlake Capital Group will fund the purchase through a mix of debt and equity financing, as agreed in commitment letters associated with the transaction.

Also Read: James Hardie To Acquire AZEK In $8.75 Billion Deal, Expanding Its Grip On Outdoor Living Market

The deal includes a 30-day “go-shop” period, allowing Dun & Bradstreet ( DNB ) to explore better offers. If any superior proposal arises, Dun & Bradstreet ( DNB ) reserves the right to terminate the agreement.

The deal is expected to be closed by the third-quarter of 2025, pending shareholder approval and regulatory clearances.

Once the transaction is finalized, Dun & Bradstreet ( DNB ) will transition into a privately owned company, and its common stock will be delisted from all public exchanges.

“We have grown revenue by approximately 40%, EBITDA by 60%, expanded margins by nearly 600 basis points, and leverage has come down from 9 times to 3.6 times, all while extending our lead in data breadth, depth and quality,” said Dun & Bradstreet ( DNB ) CEO, Anthony Jabbour.

Dun & Bradstreet ( DNB ) helps companies enhance performance by providing insights through its Data Cloud, enabling improved revenue, cost reduction, risk mitigation, and business transformation.

Price Action: DNB shares traded higher by 3.21% at $9.01 in premarket at last check Monday.

Read Next:

D-Wave Unveils New Blockchain Architecture To Slash Energy Usage

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
EBRD says Ukraine exposure 'absolutely not' a threat to credit rating
EBRD says Ukraine exposure 'absolutely not' a threat to credit rating
Jul 26, 2024
ISTANBUL, July 26 (Reuters) - The European Bank for Reconstruction and Development's exposure to war-ravaged Ukraine does not pose a threat to its prized triple-A credit rating despite previous warnings from the likes of Fitch, its vice president told Reuters on Friday. WHAT DID EBRD SAY? Matteo Patrone, the EBRD's Vice President for Banking said the bank was absolutely not...
U.S. told Philippines it made 'missteps' in secret anti-vax propaganda effort
U.S. told Philippines it made 'missteps' in secret anti-vax propaganda effort
Jul 26, 2024
(To read the Reuters investigation on reuters.com, click on www.reuters.com/investigates/special-report/usa-covid-propaganda /) By Christopher Bing and Karen Lema WASHINGTON, July 26 (Reuters) - The U.S. Defense Department admitted that it spread propaganda in the Philippines aimed at disparaging China's Sinovac vaccine during the COVID-19 pandemic, according to a June 25 document cited by a former top government official earlier this month....
AptarGroup Appoints Daniel Ackerman as Chief Accounting Officer
AptarGroup Appoints Daniel Ackerman as Chief Accounting Officer
Jul 26, 2024
06:01 AM EDT, 07/26/2024 (MT Newswires) -- AptarGroup ( ATR ) said late Thursday it has appointed Daniel Ackerman as chief accounting officer, effective Aug. 1. Ackerman joined the company in 2015 as corporate controller, the company said. ...
Centene beats profit estimates after change in govt risk adjustment
Centene beats profit estimates after change in govt risk adjustment
Jul 26, 2024
July 26 (Reuters) - Centene Corp ( CNC ) beat Wall Street estimates for second-quarter profit on Friday following the company's announcement that it was no longer required to make a $1.3 billion payment related to its government-sponsored Medicaid offerings. The results follow the company's preliminary earnings report on Tuesday. On an adjusted basis, the company earned $2.42 per share...
Copyright 2023-2026 - www.financetom.com All Rights Reserved