Blackbaud Inc
BLKB: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$36.00 | Dvsfps | Cnppfcbgw |
Blackbaud: Clearlake Makes a New $80-Per-Share Offer
On April 14, Clearlake Capital made a new and unsolicited offer to acquire all of the outstanding shares of Blackbaud for $80 per share, or $4.1 billion in total, in cash, representing a 4% premium to the most recent closing price. In a statement, Blackbaud said its board of directors will review this offer. We think $80 per share is reasonable given our fair value estimate of $77 per share, and we view shares as fairly valued at current levels.