Blackbaud receives unsolicited $80/share acquisition proposal from Clearlake Capital

BLACKBAUD INC

Clearlake Capital Group proposes to acquire Blackbaud for $80.00 per share in cash.
Blackbaud Board will evaluate the proposal with independent financial and legal advisors.
Stockholders are not required to take any action; proposal is non-binding and unsolicited.
No definitive agreement has been reached; the outcome remains uncertain.

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