The market is discounting the acquisition target’s stock price, largely over antitrust considerations, but execs dismissed the concern, and analysts said ways around it exist.
Black Knight Inc. acquired the outstanding interest of Optimal Blue Holdco LLC from Cannae Holdings Inc. and Thomas H. Lee Partners, L.P. for nearly $1.16 billion in stocks and cash. The aggregate purchase consideration of Optimal Blue Holdco was $1.156 billion, comprised of 36,376,360 shares of Dun & Bradstreet Holdings, Inc. with a stock value of $722.5 million and $433.5 million in cash, funded by borrowings under Black Knight’s revolving credit facility.
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