: Qualtrics stock up after company receives $18.15 per share buyout offer from Silver Lake and CPPIB
Qualtrics International Inc. stock XM jumped 2% Monday, after the cloud software company said it has received a buyout offer from private equity firm Silver Lake Management and Canada Pension Plan Investment Board at $18.15 a share in cash. The price is equal to a premium of about 73% over the daily volume weighted average prices of the company’s class A common stock for the 30 days ending Jan. 25, the day before Qualtrics majority shareholder SAP SE SAPXE:SAP said it was exploring a sale of its stake in the company. The price values the company at about $12.4 billion in equity value. The company has agreed to negotiate exclusively with Silver Lake until March 15.
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