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Inovalon Goes Private In $7.3B Deal: See Highlights

Provider of healthcare-focused cloud-based platforms, Inovalon Holdings Inc (NASDAQ:INOV) will be acquired by an equity consortium in an all-cash transaction with an…

byVandana Singh

August 19, 2021

1 minute read

Provider of healthcare-focused cloud-based platforms, Inovalon Holdings Inc (NASDAQ:INOV) will be acquired by an equity consortium in an all-cash transaction with an enterprise value of approximately $7.3 billion.
Nordic Capital and Insight Partners lead the consortium, joined by 22C Capital, Inovalon founder & CEO Keith Dunleavy, and certain Class B stockholders of Inovalon.
Under the terms of the agreement, Inovalon stockholders will receive $41.00 per share.
The transaction is expected to close in late 2021 or early 2022.
Price Action: INOV shares gained 8.73% at $40.47 before trading halted during the market session on the last check Thursday.

Wolfe Research Initiates Coverage On Atlassian Corporation with Outperform Rating, Announces Price Target of $400

By Benzinga Newsdesk

Today, 11:29 PM

Wolfe Research analyst Alex Zukin initiates coverage on Atlassian Corporation (NASDAQ:TEAM) with a Outperform rating and announces Price Target of $400.

TEAM

Boise Cascade Q4 Sales $1.78B Beat $1.58B Estimate

By Benzinga Newsdesk

Today, 11:29 PM

Boise Cascade (NYSE:BCC) reported quarterly sales of $1.78 billion which beat the analyst consensus estimate of $1.58 billion by 12.78 percent. This is a 21.06 percent increase over sales of $1.47 billion the same

BCC