Dun & Bradstreet (DNB) is close to being acquired by Clearlake Capital Group in a deal worth about $4 billion, Bloomberg News reported Friday, citing sources with knowledge of the matter.
Clearlake Capital is reportedly prepared to pay around $9 per share for the company, with a formal announcement expected as early as next week, the media outlet reported.
Although discussions are well advanced, there is still a possibility that the deal could be delayed or may not proceed, according to Bloomberg.
Dun & Bradstreet shares were up 3% in recent trading. Both the companies did not immediately respond to a request for comments from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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