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PowerSchool ( (PWSC) ) has provided an announcement.
In a significant move for investors and the financial industry, PowerSchool Holdings, Inc. announced the completion of its acquisition by Bain Capital for $22.80 per share, amounting to an enterprise value of approximately $5.6 billion. Following the merger, the company, a leading provider of cloud-based software for K-12 education, has become a privately-held entity and will no longer be listed on the NYSE. The acquisition was financed through a mix of equity contributions and debt, with the new credit agreement providing over $3 billion in various secured loan facilities. As part of the corporate restructuring, the Board of Directors saw resignations and new appointments, while the company’s certificate of incorporation and bylaws were fully amended and restated.
Learn more about PWSC stock on TipRanks’ Stock Analysis page.
