$8.4B take-private deal sends Clearwater shares higher, analysts flag undervaluation

Clearwater Analytics' share price surged nearly 8% in premarket trading on Monday after the company agreed to an 8.4billiontakeprivatedealledbyprivateequityfirmsPermiraandWarburgPincus.Underthetermsofthetransaction,Clearwatershareholderswillreceive8.4 billion take-private deal led by private equity firms Permira and Warburg Pincus. Under the terms of the transaction, Clearwater shareholders will receive 24.55 per share in cash, representing a premium of about 47% to the company's closing price on November 10, the last trading day before reports emerged of a possible deal. The offer underscores growing private equity interest in software ...