Clearlake Increases Blackbaud Takeover Bid To $4.3B

By Jade Martinez-Pogue (April 15, 2024, 4:28 PM EDT) -- Private equity shop Clearlake Capital has upped its offer to purchase Blackbaud Inc. by roughly $500 million — bringing its proposal to around $4.3 billion — after the cloud computing software company rejected its previous buyout bid, with the firm saying the take-private deal would be the "clearest path" to maximizing shareholder value....

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