Endurance International to be bought by Clearlake in a deal valued at $3 billion, including debt

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Endurance International Group Holdings Inc. announced Monday a deal to be acquired by private-equity firm Clearlake Capital Group L.P., in an all-cash deal valued at $3 billion, including debt. The stock is halted for news until 8:00 a.m. Eastern. Under terms of the deal, Clearlake will pay $9.50 for each Endurance share outstanding, which is 63.5% above Friday’s closing price of $5.81. With about 140.74 million shares outstanding, the bid price values the cloud hosting and digital marketing company Endurance at about $1.34 billion. The stock has rallied 23.6% year to date through Friday, while the S&P 500 has gained 1.2%.
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