First Analysis Downgrades CommerceHub (CHUBA) to Equal Weight Following Acqusition
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CommerceHub (CHUBA) to be Acquired by GTCR and Sycamore Partners for $1.1 Billion
March 6, 2018 8:01 AM UTCCommerceHub, Inc. (NASDAQ: CHUBA) (NASDAQ: CHUBK), GTCR, and Sycamore Partners today announced a definitive agreement whereby affiliates of GTCR and Sycamore, two leading private equity firms, will acquire all outstanding shares of CommerceHub, a leading distributed commerce network for retailers and brands.
The all-cash deal provides substantial value to CommerceHub stockholders. Under the terms of the agreement, funds affiliated with GTCR and Sycamore will acquire all outstanding shares of CommerceHubs Series A, B, and C common stock for a total value of approximately $1.1... More

