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Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact, today confirmed that it has received an unsolicited, non-binding proposal from Clearlake Capital Group, L.P., a current stockholder of the Company, to acquire all of the outstanding shares of Blackbaud for $80.00 per share in cash.
Consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, the Blackbaud Board of Directors will carefully evaluate the proposal to determine the course of action that it believes is in the best interest of the Company and all Blackbaud stockholders.
Blackbaud stockholders are not required to take any action at this time.
Posted In: BLKB
