This NYC Hedge Fund Will Reap A $90 Million Profit In The $8.4 Billion Smartsheet Deal
SMARSmartsheet(SMAR) Forbes·2024-09-24 23:14

Ricky Sandler, founder of hedge fund Eminence Capital, at the 2014 Allen & Company Sun Valley Conference. (Photo by Scott Olson/Getty Images)Getty ImagesSmartsheet, 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 8.4billion.Shareholderswillreceive8.4 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 Partners, ...