Smartsheet To Be Acquired By Blackstone, Vista In $8.4B Deal: Details
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Acquisition Announcement: Smartsheet Inc. is being acquired by Blackstone Inc. and Vista Equity Partners for approximately $8.4 billion in cash, with shareholders set to receive $56.50 per share, representing a 41% premium over recent trading prices.
Future Operations: Following the acquisition, Smartsheet will operate as a privately held company, maintaining its brand while the deal is expected to close by January 31, 2025, pending necessary approvals.
Analyst Views on TOGA
Wall Street analysts forecast TOGA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TOGA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
