Cornerstone OnDemand CSOD shares are trading higher after the company announced it will be acquired by Clearlake Capital for $57.50 per share in cash. The transaction will have an enterprise value of approximately $5.2 billion.
The company on Thursday also reported better-than-expected Q2 results, beating analyst consensus estimates for both sales and EPS.
Cornerstone OnDemand, Inc., together with its subsidiaries, provides learning and people development solutions as software-as-a-service worldwide.
At the time of publication, Cornerstone OnDemand shares were trading higher by 13.5% at $56.65.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
