Perficient Shares Surge Premarket on Deal to Go Private
By Colin Kellaher
Shares of Perficient jumped nearly 55% in premarket trading Monday after the digital consultancy agreed to be acquired by Swedish private-equity firm EQT AB at an enterprise value of about $3 billion.
The companies on Sunday said EQT will pay $76 a share in cash for Perficient, a 58% premium to Friday's closing price of $48.11 for the St. Louis company and nearly 75% above the company's closing price of $43.46 on April 29, before published reports emerged that Perficient was exploring a sale.
The deal is slated to close by the end of the year.
Perficient shares were recently up about 54% to $74 in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 06, 2024 06:32 ET (10:32 GMT)
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