Official announcement from Smartsheet, Vista Equity, Blackstone, or regulatory filing

Vista Equity and Blackstone to Acquire Smartsheet for $8.4 Billion, $56.50 per Share

Sep 24, 2024, 01:25 PM

Vista Equity Partners and Blackstone have agreed to acquire Smartsheet for $8.4 billion in an all-cash deal. Smartsheet shareholders will receive $56.50 per share, representing a 41% premium over its recent average price and a 24.6% premium over its closing price. The deal is expected to close by January 2025, pending shareholder approval. Several concessions were made to private lenders backing the acquisition.