Clearlake Capital Group will acquire Dun & Bradstreet in a deal valued at over $7 billion, according to The Wall Street Journal. The firm will become privately held following the transaction, which is expected to close in the third quarter. Clearlake will finance the purchase through a mix of equity and debt. The deal includes a “go-shop” period allowing Dun & Bradstreet to seek alternative offers. Dun & Bradstreet shares rose slightly in premarket trading but remain down 30% for the year.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Capital Group will acquire Dunn and Bradstreet in a deal valued over $7 billion,
00:06according to the Wall Street Journal. The firm will become privately held following the transaction,
00:11which is expected to close in the third quarter.
00:13Curling will finance the purchase through a mix of equity and debt.
00:16The deal includes a go-shop period, allowing Dunn and Bradstreet to seek alternative offers.
00:21Dunn and Bradstreet shares rose slightly in pre-market trading,
00:24but remained down 30 percent for the year.
00:26For all things money, visit Benzinga.com slash GSTV.