Overview

• Smartsheet shareholders will receive $56.50 per share, a 41% premium over the 90-day average closing price.
• The acquisition will make Smartsheet a private company, six years after it went public.
• The deal is expected to close by January 2025, pending shareholder approval and regulatory clearance.
• Vista and Blackstone aim to support Smartsheet's goal of expanding its collaborative work management platform.
• The announcement follows a Federal Reserve interest rate cut, creating favorable conditions for business acquisitions.