Blackbaud to Review Unsolicited Proposal from Clearlake Capital Group

CHARLESTON, S.C., April 15, 2024 /PRNewswire/ -- 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 wil ...