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CDK +9.4% on chatter Carlyle, Silver Lake are near buyout deal

Published 02/09/2018, 06:05 PM
Updated 02/09/2018, 09:00 PM
© Reuters.  CDK +9.4% on chatter Carlyle, Silver Lake are near buyout deal
  • Shares in software maker CDK Global (NYSEARCA:CDK) are up 9.4% after hours with chatter on Bloomberg that Carlyle Group (NASDAQ:CG) and Silver Lake are close to a buyout deal.
  • That deal would be for at least $10B and other P-E bidders reportedly aren't in active talks.
  • CDK, which specializes in automotive and retail solutions, had a market cap of about $9.17B at the close today.
  • Now read: Is Dividend Growth Investing The Only Way?


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