Baird Downgrades Press Ganey Holdings (PGND) to Neutral
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EQT to Acquire Press Ganey Holdings, Inc. (PGND) for ~$2.35B
August 9, 2016 8:27 AM EDTPress Ganey (NYSE: PGND) entered into a definitive agreement to be acquired by EQT Equity fund EQT VII (EQT), part of the global private equity group EQT. Under the terms of the agreement, EQT will acquire all of Press Ganeys common stock. Shareholders of record will receive $40.50 in cash per share of Press Ganey common stock, resulting in an enterprise value of approximately $2.35 billion. The offer price represents a 20% premium to the year to date volume-weighted average price and a 62% premium to the initial public offering price for the common stock. The acquisition... More
Press Ganey Holdings, Inc. (PGND) Near Agreement to Sell Itself - DJ
August 9, 2016 7:23 AM EDTPress Ganey Holdings, Inc. (NYSE: PGND) is near an agreement to sell itself, according to Dow Jones sources. It wasn't made clear what price the company would fetch, but an agreement could be announced in the coming weeks, the report said.... More