Clearwater Analytics (NYSE:CWAN) last traded above $24.55 buyout offer as private-credit data points at platform value
Clearwater Analytics Holdings, Inc. doesn’t look like a high-volatility software stock anymore. The shares now trade like deal paper, with the spread mostly closed. Shares finished at $24.56, just a penny more than the $24.55-per-share cash offer in the buyout deal with Permira and Warburg Pincus, along with Francisco Partners and Temasek. That price leaves a buyer roughly 4 basis points over the deal’s cash payout if it closes at the agreed terms, before fees and waiting costs.