January 17, 2018Blog Posts

U.S. fintech firm Blackhawk to go private in $3.5 billion deal

Reuters:

U.S. financial technology firm Blackhawk Network Holdings Inc. said on Tuesday it would be acquired by private equity firm Silver Lake and New York-based hedge fund P2 Capital Partners in an all-cash deal worth about $3.5 billion including debt. The offer of $45.25 per Blackhawk share represents a 24 percent premium to the stock’s Friday closing price. Shares of Blackhawk rose 23 percent to $44.90 in premarket trading.

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