Published on 13 Mar 2023 on MarketWatch
Qualtrics stock gains after company agrees to $12.5 billion take-private deal
Qualtrics International Inc. shares XM were rising more than 6% in premarket trading Monday after the software company said it has agreed to be taken private by Silver Lake, in partnership with Canada Pension Plan Investment Board, in a deal that values Qualtrics at about $12.5 billion. Silver Lake and CPP Investments will pay $18.15 a share to acquire Qualtrics in an all-cash deal. Qualtrics disclosed the buyout offer on March 6. The $18.15-a-share buyout price marks a 73% premium to the 30-day volume-weighted average price on Jan. 25, the last full trading day before SAP SE announced plans to explore a sale of its...