Smartsheet Stock Jumps On News of $8.4B Sale to Vista, Blackstone
Smartsheet (SMAR) shares jumped Tuesday after the work management platform said it agreed to be purchased by asset manager Blackstone (BX) and investment firm Vista Equity Partners for $8.4 billion in cash.
This NYC Hedge Fund Will Reap A $90 Million Profit In The $8.4 Billion Smartsheet Deal
Smartsheet, an enterprise work management software platform, announced Tuesday that it will be acquired by Blackstone and Vista Equity Partners in an all-cash deal worth $8.4 billion. Shareholders will receive $56.50 per share, a 41% premium over the stock's average closing price for the past three months, according to a press release.
Smartsheet's stock rallies on $8.4 billion purchase by Blackstone and Vista
Smartsheet Inc.'s stock rallied 6% Tuesday after the workplace-management software company agreed to be taken private by Blackstone Inc. and Vista Equity Partners for $8.4 billion, or $56.50 per share.
Smartsheet to Be Bought in $8.4 Billion Deal. The Stock Is Rising.
The work management platform announces it will be acquired by funds managed by Blackstone and Visa Equity Partners.
Smartsheet plans to go private in $8.4 billion deal with Vista Equity Partners and Blackstone
Smartsheet announced Tuesday that it agreed to be acquired by private equity companies Blackstone and Vista Equity Partners in deal valued at $8.
Smartsheet Is a Smart Buy for Traders and Investors: Here's Why
Smartsheet SMAR is a smart buy because of its growth, operational quality, cash flow, and capital return. That's why private equity firms are in talks to buy it; they see deep value in the business and its stock.
Smartsheet COO Stephen Branstetter resigns amid reported acquisition talks
Stephen Branstetter, the chief operating officer at Smartsheet who joined the company in 2013, resigned on Wednesday, according to a new regulatory filing.
Smartsheet Is a Smart Buy for Traders and Investors: Here's Why
Smartsheet NYSE: SMAR is a smart buy because of its growth, operational quality, cash flow, and capital return. That's why private equity firms are in talks to buy it; they see deep value in the business and its stock.
Smartsheet Up 5% in a Month: Should You Buy, Hold or Sell the Stock?
Smartsheet stock is driven by a growing customer base, enhanced product features, and the increasing adoption of AI tools.
Two Private Equity Firms Near Deal To Buy Software Maker Smartsheet
Smartsheet stock rose on a report two private equity firms are nearing a deal to acquire the software maker.
Smartsheet: Upside Still Attractive With Valuation Support From Takeover News
Smartsheet maintains a strong competitive position with potential for >20% growth, despite some recent performance weaknesses and macroeconomic pressures on SMB customers. Positive growth indicators include robust enterprise customer metrics, successful large contract deals, and promising adoption of the new pricing model. Risks include decelerating ARR growth, increased churn among SMB customers, and potential volatility if the takeover deal falls through.
Don't Miss Smartsheet's Surge: Strong Growth and Buybacks Ahead
As the S&P 500 settles from last week's volatility, investors may be looking for safety or some fundamental reason to shift into a particular area of the stock market. They don't have to do the hours of work and research necessary to find these places, as some of Wall Street's best have already laid out their view for the near future.
