Blackbaud (BLKB) Receives Buyout Offer From Clearlake Capital

Blackbaud (BLKB) announced that it received an unsolicited, non-binding proposal from a current stockholder of the company — Clearlake Capital Group, L.P. The offer was made to acquire all the outstanding shares of the company for $80 per share in cash.Clearlake Capital is a private equity firm which had initially invested in Blackbaud in 2020. It now holds an 18.3% ownership position in the business. Last year, Clearlake Capital made an all-cash offer to acquire Blackbaud for$ 71 per share. However, Blackb ...