Kaskela Law LLC is investigating Blackbaud, Inc. (NASDAQ: BLKB) on behalf of the company’s shareholders.
On April 15, 2024, Reuters reported that Clearlake Capital Group (“Clearlake”) had submitted a proposal to Blackbaud’s board of directors under which Clearlake would take Blackbaud private at a price of $80.00 per share in cash.
Notably, shares of Blackbaud’s stock have traded well above that proposed buyout price in the last six months, including over $87.50 per share in December 2023.
Blackbaud shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (888) 715 – 1740 or 484-229-0750, or by completing the form on this page, for additional information about this investigation and their legal rights and options.