BL - BlackLine said to have recently rejected takeover bid - report
- Blackline ( NASDAQ: BL ) is said to have recently rejected a bid from a private equity firm. Blackline shares, which pared some losses on a mini move with the news, are down 4.8%.
- Three PE firms, CVC Capital, KKR ( KKR ) and Vista Equity, were speculated to be looking at the financial and accounting software company, according a Betaville "uncooked alert." It's not clear which firm made the recent approach.
- The report comes after Betaville originally reported in mid July that Blackline ( BL ) is speculated to be a takeover target and had received some interest from a private equity firm.
- In July BofA cut BlackLine ( BL ) to underperform given the company's premium multiple to its peers and M&A premium speculation likely already in the valuation.
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BlackLine said to have recently rejected takeover bid - report