Clarivate Plc

NYSE:CLVT   3:59:52 PM EDT
26.33
-0.19 (-0.72%)
4:00:00 PM EDT: $26.33 -0.01 (-0.02%)
Debt Financing / Related, Other Pre-Announcement

Clarivate To Acquire Proquest In Deal For $5.3 Bln

Published: 05/17/2021 10:39 GMT
Clarivate Plc (CLVT) - Clarivate Plc - Reaffirms Standalone 2021 Financial Outlook.
Clarivate Plc - Deal for $5.3 Billion, Including Refinancing of Proquest Debt.
Clarivate Plc - Deal Accretive to Adjusted Diluted Earnings in 2022 With Significant Revenue and Cost Synergies.
Clarivate Plc - to Acquire Proquest.
Clarivate Plc - Acquisition Brings More Than $875 Million in Revenue and More Than $350 Million of Adjusted EBITDA After Cost Synergies to Clarivate.
Clarivate Plc - Secured a Backstop Consisting of a $4 Billion Fully Committed Bridge Facility.
Clarivate Plc - Intends to Obtain Long-term Financing From Debt and Equity Markets Before Closing of Transaction.
Clarivate Plc - Will Provide an Updated 2021 Outlook to Include Acquisition of Proquest After Closing of Transaction.
Clarivate Plc - Deal Consideration is About $4.0 Billion in Cash and $1.3 Billion of Equity.