(Reuters) – Software maker Qualtrics International Inc said on Monday it had received a $12.4 billion buyout offer from private-equity firm Silver Lake Management and Canada Pension Plan Investment Board (CPPIB).
The deal values each stock of Qualtrics at $18.15, a premium of nearly 6% to the company’s last closing price.
Shares of Qualtrics, which is majority owned by Germany’s SAP, rose 2.8% in early trading.
(Reporting by Yuvraj Malik in Bengaluru; editing by Uttaresh Venkateshwaran)
