OneStream To Go Private In $24-A-Share Deal, Analysts See Limited Upside
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OneStream Inc (NASDAQ:OS) has received a $24 per share offer from Hg Capital, prompting analysts to reassess their ratings. Needham downgraded its rating from Buy to Hold, while Rosenblatt cut its rating from Buy to Neutral, both citing limited upside potential. BTIG maintained a Buy rating, emphasizing the deal's positive impact on software valuations. The acquisition reflects KKR's exit strategy after investing $500 million in 2019. OneStream's stock was down 0.15% to $23.58 following the announcement.
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