Workiva Said to Have Drawn Takeover Interest from Private Equity Firms
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/21/2026
- AI stocks lift Wall St as oil falls, Treasury yields decline
- Oil prices slide to 11-day low on hopes of US-Iran diplomacy, Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- Qatar Investment Authority targets $20B partnership with JPMorgan - Bloomberg
- AMD stock jumps as chip rally builds ahead of summit
- Novo Nordisk shares drop as investor event disappoints
Workiva (WK) Base Case Takeover Seen in Mid-to-High $80s - BMO
September 28, 2022 5:53 PM EDTBMO Capital analyst Daniel Jester weighed in on Workiva (NYSE: WK) following reports from Bloomberg News that wo private equity firms are potentially interested in acquiring the company. Jester said that given recent takeover premiums the software sector, they think a base case offer would likely be in the mid to high $80/share range (~6.5-7x FY23 sales).
The analyst commented, "Workiva has a strong core in SEC and statutory reporting, but faced a tough 2022 given... More
