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PowerSchool To Be Acquired By Bain Capital: Transaction Value Of Deal Is $5.6B; Stockholders Will Receive $22.80 Per Share In Cash

Author: Benzinga Newsdesk | June 07, 2024 07:49am

PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool" or "the Company"), a leading provider of cloud-based software for K-12 education, announced today that it has entered into a definitive agreement to be acquired by Bain Capital in a transaction valuing the Company at $5.6 billion.

Under the terms of the agreement, PowerSchool stockholders will receive $22.80 per share in cash upon completion of the proposed transaction. The per share purchase price represents a premium of 37 percent over PowerSchool's unaffected share price of $16.64 as of May 7, 2024, the last trading day prior to media reports regarding a potential transaction.

Posted In: PWSC

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