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The latest announcement is out from Blackbaud (BLKB).
Blackbaud, Inc. has rejected an acquisition offer from Clearlake Capital Group, L.P., deeming it a lowball bid. The Board, after discussions with financial and legal advisors, decided unanimously that the proposal falls short of the company’s value and does not serve the interests of all Blackbaud shareholders. This decision has been formally communicated in a letter to Clearlake and reported in a recent SEC filing.
See more data about BLKB stock on TipRanks’ Stock Analysis page.