Bankrate Inc (RATE), which operates Bankrate.com and other personal finance websites, said on Wednesday it agreed to a $571 million buyout by private equity firm Apax Partners. Apax plans to pay $28.50 per share in cash for Bankrate, a 15.8 percent premium over the company’s Tuesday closing price, starting with a tender offer for outstanding shares.
By editor Jul 22, 2009, 4:19 PM
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