off-the-wire

Qualtrics gets $12.4 bln buyout offer from Silver Lake, Canada's CPPIB

Kitco Media
By Reuters
Published:
Updated:
Reuters

March 6 (Reuters) - Software maker Qualtrics International Inc (XM.O) said on Monday it had received a $12.4 billion buyout offer from private-equity firm Silver Lake Management and Canada Pension Plan Investment Board (CPPIB).

The deal values each stock of Qualtrics at $18.15, a premium of nearly 6% to the company's last closing price.

Shares of Qualtrics, which is majority owned by Germany's SAP (SAPG.DE), rose 2.8% in early trading.

Reporting by Yuvraj Malik in Bengaluru; editing by Uttaresh Venkateshwaran
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