India, May 5 -- Perficient Inc. (PRFT) reported that its first-quarter net income decreased 57% from the prior year. In addition, the company agreed to be taken private by an affiliate of BPEA Private Equity Fund VIII, part of EQT AB, in an all-cash transaction that values Perficient at an enterprise value of about $3.0 billion.
As per the terms of the agreement, Perficient stockholders will receive $76.00 per share in cash for each share of common stock owned as of the closing of the transaction. The purchase price represents a 75% premium to Perficient's closing stock price on April 29, 2024, the last unaffected trading day prior to the transaction announcement. The transaction is expected to close by the end of 2024.
Upon completion of...