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InsideArbitrage Potential Deal Alert: HireRight (HRT) Receives Non-Binding Acquisition Proposal from General Atlantic and Stone Point Capital

  • December 18, 2023


StockHireRight Holdings CorporationSymbolHRT
Date Announced12/11/2023Source Press Release
TypeCompany Seeking Strategic Alternatives
Date of Confirmation: 02/16/2024Price at Confirmation: $14.10
Potential Profit: 6.58%Annualized Profit: 35.82%

HireRight Holdings Corporation (HRT) a leading provider of global background screening services and workforce solutions, announced that it has received a non-binding proposal from General Atlantic, L.P. and Stone Point Capital LLC and their respective affiliated funds to acquire all of the company’s outstanding shares of common stock that are not already owned by the Sponsors for $12.75 in cash per share.

HireRight Holdings Corporation Investor Relations

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.