(XM): Johnson Fistel Investigates Proposed Sale of Qualtrics International; Is $18.15 a Fair Price?
(Silver Lake) and the Canada Pension Investment Board (CPIB).
- (Silver Lake) and the Canada Pension Investment Board (CPIB).
- On March 12, 2023, Qualtrics announced that it has entered into a definitive agreement to be acquired by Silver Lake and CPIB, in an all-cash transaction; Qualtrics stockholders would receive $18.15 per share in cash.
- Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially since the stock price exceeded $55.00 after the company’s IPO in January 2021.
- Additionally, the Company has over $700 million in cash and only about $280 million in debt.