Automotive software maker CDK Global Inc said on Thursday it would be taken private by Brookfield Business Partners for $6.41bn in cash.
The deal will pay CDK investors $54.87 for each share held, a premium of 12% to the company’s closing price on Wednesday. The enterprise value of the deal is $8.3 billion.
Its purchase by Brookfield Business Partners, a unit of Brookfield Asset Management, 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.
Read more: Reuters
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