Blackbaud: With Offer On The Table, This Company Is Convinced It's Worth More
Blackbaud(BLKB) Seeking Alpha·2024-06-29 01:11
Maskot/DigitalVision via Getty ImagesAfter struggling in the post-pandemic era to resuscitate its sales growth, Blackbaud (NASDAQ:BLKB) is suddenly looking like a hot commodity again. The CRM platform specifically designed for charitable giving and non-profit institutions is back to an accelerating revenue growth trend. On top of this, one of its minority shareholders Clearlake Capital recently made an $80/share offer for the company, which Blackbaud's management summarily rejected as being too low. The ...