This NYC Hedge Fund Will Reap A $90 Million Profit In The $8.4 Billion Smartsheet Deal

Ricky Sandler, founder of hedge fund Eminence Capital, at the 2014 Allen & Company Sun Valley Conference. (Photo by Scott Olson/Getty Images) Getty Images Smartsheet, an enterprise work management software platform, announced Tuesday that it will be acquired by Blackstone and Vista Equity Partners in an all-cash deal worth $8.4 billion. Shareholders will receive $56.50 per share, a 41% premium over the stock's average closing price for the past three months, according to a press release. Vista Equity Partne ...