Clarivate to acquire ProQuest for $5.3 billion; reaffirms standalone 2021 outlook

  • Clarivate plc (NYSE:CLVT) inks an agreement to acquire ProQuest, a global software, data, and analytics provider to academic, research, and national institutions, from Cambridge Information.
  • The purchase price is ~$5.3 billion ($4.0B cash and $1.3B equity), including refinancing of ProQuest debt.

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