PowerSchool (NYSE:PWSC) stock is rising higher on Wednesday as reports spread that Bain Capital is looking to acquire the education software company.
According to these reports, private investment firm Bain Capital may be willing to take PowerSchool private in a deal worth $6 billion when including debt. It’s worth noting that the market capitalization of the company is about $3.3 billion.
These same reports also claim that Bain Capital may offer up to $20 per share for PWSC stock. If true, that would represent a roughly 20.2% premium over the prior closing price of the company’s shares.
It’s also worth mentioning that PWSC stock has been through the wringer over the last month. That follows a short report from Spruce Point in April that took the company to task, Seeking Alpha notes.
How This Affects PWSC Stock
If this deal does go through, it would result in shares of PWSC stock no longer trading on the public market. That seems like a welcome change for investors hoping for a nice payday from a take-private agreement for PowerSchool.
Today’s news has PWSC stock up 20.2% as of Wednesday morning. This comes with some 3.2 million shares traded. For comparison, the company’s daily average trading volume is about 831,000 shares.
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
