TITLE

Blackboard Hires Barclays to Field Offers

AUTHOR(S)
Noto, Anthony
PUB. DATE
April 2011
SOURCE
Mergers & Acquisitions Report;4/25/2011, Vol. 24 Issue 17, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Barclays Capital has been hired by Blackboard to help it in evaluating unsolicited bids from potential acquirors. It is noted that bidders may have been attracted to the company because of the increase in revenue its posted for 2010 at 447.3 million U.S. dollars. President and chief executive officer (CEO) Michael Chasen noted that the company's board is committed to fulfilling fiduciary duties.
ACCESSION #
60260530

 

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