Dun & Bradstreet in $6.9 Billion All-Cash Sale
August 9, 2018
Cleary Gottlieb is representing Dun & Bradstreet in the sale of the company pursuant to a $6.9 billion LBO announced on August 8, 2018, after markets closed.
The purchase price of $145 per share in cash represents a premium of approximately 30 percent over the trading price at which Dun & Bradstreet’s shares closed prior to Dun & Bradstreet’s announcement of a strategic review and an indication of its willingness to consider all options for value creation. The merger agreement provides for a “go-shop” period and follows the company’s exploration of strategic alternatives with multiple financial sponsors. The buyer consists of an investor group led by CC Capital, Cannae Holdings, and Thomas H. Lee Partners.