SunTrust Downgrades Higher One (ONE) to Neutral

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Go back to SunTrust Downgrades Higher One (ONE) to Neutral

Blackboard Affiliate to Acquire Higher One (ONE) for $5.15/Share

June 30, 2016 7:38 AM EDT

Higher One Holdings, Inc. (NYSE: ONE) announced 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 of $260 million.

Todays announcement is the culmination of a strategic review process undertaken by our Board of Directors, with the assistance of senior management and financial and legal advisors, as first announced in December 2015. After contacting... More