Smartsheet drops as COO exits even with recent takeover reports [Seeking Alpha]
Smartsheet Inc. Class A (SMAR)
Last smartsheet inc. class a earnings: 3/17 04:21 pm
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Source: Seeking Alpha
The departure of COO Stephen Branstetter, who will continue to serve the company as an advisor through Nov. 18, comes amid reports that Smartsheet ( SMAR ) is close to an agreement to be sold to private equity firm Vista Equity and Blackstone ( BX ) for about $8 billion. Reuters reported on Monday that Vista Equity and Blackstone are discussing an offer of about $56 a share f or Smartsheet ( SMAR ). A deal could be signed in the coming weeks. Reuters first reported in July that Smartsheet ( SMAR ) was is in discussions with investment bankers after seeing acquisition interest from buyout firms. Investors appear to be concerned the Smartsheet COO was leaving if a deal was on the table, specifically with a PE firm. The PE firm would need a COO to help run the organization, so it would be a bit strange for the COO to leave, traders told Seeking Alpha on Thursday. Recommended For You More Trending News Recommended For You More Trending News About SMAR Stock Related Stocks
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SMAR
News
- EGHT or SMAR: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Johnson Fistel Investigates the Mergers of SMAR, B, and TWKS on Behalf of ShareholdersGlobeNewswire
- Smartsheet Inc (NYSE: SMAR) was downgraded by analysts at Guggenheim from a "buy" rating to a "neutral" rating.MarketBeat
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SMAR and OB on Behalf of ShareholdersGlobeNewswire
- $HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger and Upcoming Vote of CAC, OB, SMAR and PFCGlobeNewswire
SMAR
Earnings
- 9/5/24 - Beat
SMAR
Sec Filings
- 11/6/24 - Form 4
- 11/4/24 - Form 144
- 11/4/24 - Form DEFM14A
- SMAR's page on the SEC website