🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

DocuSign shares slide on report deal talks with private equity firms has stalled

Published 05/02/2024, 19:08
© Reuters.
DOCU
-

DocuSign Inc . (NASDAQ:DOCU) shares dipped more than 5% Monday after a report from Reuters said private equity firms Bain Capital and Hellman & Friedman have cooled in their pursuit of the company.

The report, citing people familiar with the matter, states that talks have stalled due to disagreements over how much they should pay to buy the company.

The two private equity firms were competing to buy the provider of online signature services, which has a market value of $11 billion. It would have been one of the biggest leveraged buyouts of 2024. However, they were unable to agree on a deal price after weeks of talks.

Reuters did add that its sources said it is possible the deal talks could resume in the future.

DOCU shares are currently trading at $55.18 after a 5.1% decline on Monday. The stock is down almost 8% in 2024.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.