Perficient Shares Surge Premarket on Deal to Go Private
By Colin Kellaher
Shares of Perficient jumped nearly 55% in premarket trading Monday after the digital consultancy agreed to be acquired by Swedish private-equity firm EQT AB at an enterprise value of about $3 billion.
The companies on Sunday said EQT will pay $76 a share in cash for Perficient, a 58% premium to Friday's closing price of $48.11 for the St. Louis company and nearly 75% above the company's closing price of $43.46 on April 29, before published reports emerged that Perficient was exploring a sale.
The deal is slated to close by the end of the year.
Perficient shares were recently up about 54% to $74 in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 06, 2024 06:32 ET (10:32 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
AI Is Booming, but Consumer Spending Is Slowing. Which Will Prevail in the Stock Market?
-
What’s Happening In the Markets This Week
-
Is the Era of Volatility-Suppressing Policies Possibly Over?
-
5 Undervalued Stocks That Crushed Earnings for Q1 2024
-
What Does Nvidia’s Stock Split Mean for Investors?
-
After Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Baidu Stock a Buy, a Sell, or Fairly Valued?
-
Why Stocks Are Hitting Record Highs—and What Could Send Them Back to Earth
-
2 Wide-Moat Stocks to Consider
-
Live Nation: Breakup Sought by Department of Justice Probably Wouldn’t Affect Fair Value Much
-
After Earnings, Is Applied Materials Stock a Buy, Sell, or Fairly Valued?
-
The Best Energy Stocks to Buy
-
Snowflake Earnings: Mixed News, But Signs of Stability
-
Nvidia Earnings: AI Demand Smashes Expectations Again
-
After Earnings, Is Walmart Stock a Buy, a Sell, or Fairly Valued?
-
Target Earnings: Margins Hold Up, but Top Line Constrained by Weak Discretionary Spending