DNB accepts buyout offer

Article Excerpt

DUN & BRADSTREET HOLDINGS INC. $8.94 is a hold. The company (New York symbol DNB; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 441.5 million; Market cap: $3.9 billion; Price-to-sales ratio: 1.6; Dividend yield: 2.2%; TSINetwork Rating: Extra Risk; www.dnb.com) is a global provider of information and data analytics. Dun & Bradstreet’s more than 215,000 clients access comprehensive information and data on over 600 million businesses, globally. They use that information to make buying decisions and to protect themselves from credit losses. The company has now accepted a $9.15 a share takeover offer from Clearlake Capital Group, L.P. The deal gives Dun & Bradstreet 30 days to seek a competing offer. If it is unable to secure a better deal, buyer Clearlake expects to complete the purchase in the third quarter of 2025. The company’s shares now trade below the takeover offer of $9.15. That indicates investors feel a higher bid is unlikely. Dun & Bradstreet’s shareholders should tender to the takeover offer. Note, that even if you do…