PWSC - Why PowerSchool Stock Is Soaring to the Head of the Class Today
2024-05-08 12:26:24 ET
Private equity giant Bain Capital is said to be considering an acquisition of education software provider PowerSchool Holdings (NYSE: PWSC) . Investors are cramming to get in ahead of a potential deal, sending PowerSchool shares up 20% as of 10:30 a.m. ET.
PowerSchool provides a cloud-based software program used by 55 million students at 17,000 North American schools and school districts, serving as a clearinghouse to track grading, attendance, registration, and other tasks.
The Wall Street Journal says that Bain is in talks to take the company private in a deal that would value PowerSchool at about $6 billion, including its $1 billion in debt. An agreement like this would offer significant upside to PowerSchool's $3.4 billion market capitalization heading into trading Wednesday.
For further details see:
Why PowerSchool Stock Is Soaring to the Head of the Class Today