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Updated: Blackbaud Board Rejects $4B Takeover Bid

Blackbaud Projects $1B In Revenue, Millions In Breach Costs

The board of tech and fundraising firm Blackbaud has rejected an all-cash takeover offer of $71 a share from Clearlake Capital Group, its largest shareholder. The bid estimates the enterprise value at more than $4 billion. According to data from Clearlake, the offer represents a 57.7% premium to Blackbaud’s unaffected trading price of $45.01 per […]

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