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
- Turnberry Solutions announces partnership with Smartsheet [Yahoo! Finance]Yahoo! Finance
- Positive Developments Lifted Smartsheet (SMAR) in Q2 [Yahoo! Finance]Yahoo! Finance
- Smartsheet Up 5% in a Month: Should You Buy, Hold or Sell the Stock? [Yahoo! Finance]Yahoo! Finance
- Smartsheet gains amid report Blackstone, Vista nearing $8B deal [Seeking Alpha]Seeking Alpha
- Exclusive-Vista, Blackstone nearing $8-billion deal to buy Smartsheet, sources say [Yahoo! Finance Canada]Yahoo! Finance Canada
SMAR
Earnings
- 9/5/24 - Beat
SMAR
Sec Filings
- 9/19/24 - Form 144
- 9/18/24 - Form 8-K
- 9/17/24 - Form 4
- SMAR's page on the SEC website