Tuesday, June 14, 2011

Blackboard Rallies On Takeover Chatter

Shares of Blackboard Inc. (NASDAQ: BBBB) rallied more than 4% on Tuesday on speculation that the company could be a takeover target. DealReporter on Tuesday said that the company has received private equity bids. DealReporter said Blackboard may meet this week to evaluate private equity bids for the company, citing sources. Blackboard Inc. provides enterprise software applications and related services to the education industry in the United States and Canada. Stay tuned for more. 

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