Blackhawk Network (HAWK) Said to Gauge Interest from Thoma Bravo, InComm - Bloomberg
January 23, 2018 5:21 pm
(Updated - January 23, 2018 5:30 PM EST)
Blackhawk Network (NASDAQ: HAWK) is sounding out potential counter bidders after agreeing to be acquired by Silver Lake and P2 Capital Partners, according to Bloomberg.
Bloomberg stated that it reached out to possible suitors to gauge interest and the price they might be willing to pay. Thoma Bravo has conducted preliminary due diligence and held talks with lenders about financing a potential bid, though it hasn't made a final decision on whether to proceed.
InComm is monitoring the situation for now, but has decided against making an offer for the time being.
The Bloomberg report followed an article from StreetInsider earlier discussing a potential rival bid.