Why Qualtrics International (XM) Shares Are Trading Higher Today - SAP (NYSE:SAP)

Silver Lake, in partnership with Canada Pension Plan Investment Board, agreed to acquire Qualtrics International Inc XM for $12.5 billion.
Qualtrics shareholders, including SAP SE SAP, will receive $18.15 per share in cash, implying a 62% premium to the January 25, 2023 closing price, the last full trading day before SAP's announcement to explore a sale of its stake in Qualtrics.
Silver Lake and its co-investors and CPP Investments will acquire 100% of the outstanding shares Silver Lake does not already own, including the entirety of SAP's majority ownership interest.
Qualtrics's common stock will cease to list on any public market upon the transaction. Qualtrics will become an independent, privately held company.
Also Read: Qualtrics Could Bag A Higher Takeover Premium, Analyst Says Post Offer From Silver Lake & Canada Pension Plan
Qualtrics will continue to be led by CEO Zig Serafin, and the company will remain headquartered in Provo, Utah, and Seattle, Washington.
The transaction is fully financed by equity commitments from Silver Lake and co-investors, with $1.75 billion in equity from CPP Investments and $1 billion in debt.
The transaction will likely close in the second half of 2023.
Price Action: XM shares are up 6.53% at $17.63 premarket on the last check Monday.

Silver Lake And Partner To Takeover Qualtrics At 62% Premium; To Cease Trading Post Deal