Automotive software maker CDK Global to be taken private by Brookfield for $6.41-billion

said on Thursday it would be taken private by Brookfield Business Partners for $6.41-billion in cash.

The deal will pay CDK investors $54.87 for each share held, a premium of 12 per cent to the company’s closing price on Wednesday. The enterprise value of the deal is $8.3-billion. CDK, based in Hoffman Estates, Illinois, makes technology and software for retailers and auto manufacturers and serves more than 15,000 retail locations in North America., is expected to close in the third quarter of 2022.The company in late 2020 sold its international business for $1.45-billion to investment firm Francisco Partners.

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Brookfield to buy CDK Global for $6.4 billion in all-cash dealBrookfield Business Partners to pay US$54.87 a share for the provider of software for auto dealerships
Source: nationalpost - 🏆 10. / 80 Read more »

Brookfield to buy CDK Global for $6.4 billion in all-cash dealBrookfield Business Partners to pay US$54.87 a share for the provider of software for auto dealerships
Source: nationalpost - 🏆 10. / 80 Read more »