Bankrate says goodbye to Nasdaq - Blogging Stocks

Sign Up | Log In | What is SocialPicks?

Bankrate says goodbye to Nasdaq
Jul 23, 2009 06:00 PM UTC

Blogging Stocks

Percentile Score: N/A

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
RATE	n/a

Via BloggingStocks:

Filed under: Deals, Private equity

About ten years ago, Bankrate (NASDAQ: RATE) became a public company, as the IPO market was in full-steam (a traditional financial information provider, the company went to the Web in the mid 1990s). Well, now the company has decided to go private.

The private equity sponsor, Apax Partners LLP, has agreed to buy Bankrate for about $571 million. The share price comes to $28.50.

Continue reading Bankrate says goodbye to Nasdaq

Bankrate says goodbye to Nasdaq originally appeared on BloggingStocks on Thu, 23 Jul 2009 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.