SunTrust Downgrades Higher One (ONE) to Neutral
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June 30, 2016 7:49 AM EDT
WASHINGTON, June 30, 2016 /PRNewswire/ --Â Blackboard Inc., the world's leading education technology company for teaching, learning and student engagement, today announced that an affiliate of the company has entered into a definitive agreement to purchase Higher One Holdings, Inc. (NYSE: ONE) ("Higher One"). The acquisition will allow for collaboration between CASHNet, the market software leader in secure online payment of tuition and fees, and the Blackboard Transact business line.... More
June 30, 2016 7:35 AM EDT
All-Cash Sale Price Represents 37.3% Premium and Values Higher One
Equity at $260 million
Culmination of Strategic Alternatives Process First Announced in
December 2015
NEW HAVEN, Conn.--(BUSINESS WIRE)--
Higher One Holdings, Inc. (NYSE: ONE) (Higher One) announced today it
has entered into a definitive agreement to sell the company to an
affiliate of Blackboard, the worlds leading education technology
company, for $5.15 in cash per share. The all-cash sale price represents
a 37.3% premium over the closing price of the Higher One Holdings shares
on June 29, 2016 and an equity value... More
