US Stock Market Move | Permira and Huaping Investment led the acquisition of Clearwater Analytics (CWAN.US), causing its pre-market stock price to surge over 8%.

On Monday, Clearwater Analytics (CWAN.US) rose more than 8% in pre-market trading, reaching $24.15. In terms of news, a group of private equity firms led by Permira and Warburg Pincus have agreed to acquire investment and accounting software manufacturer Clearwater Analytics Holdings Inc., in a deal valuing the transaction at $8.4 billion including debt. According to a statement, Clearwater's shareholders will receive cash at a price of $24.55 per share, with the equity value around $7 billion. The company noted that this price represents a 10% premium compared to the previous closing price of the stock, and a 47% premium compared to the stock price before reports of the two acquiring companies negotiating the purchase.