Blue Nile Sold to a PE Group at a 34% Premium

Online jeweler Blue Nile (NASDAQ: NILE) has become a prized bauble for a set of strategic buyers. The company announced it has agreed to sell itself to a consortium of privately held investors for around $500 million. The buyers, led by Bain Capital Private Equity and Bow Street, will pay $40.75 per share in cash for the company, which will be delisted and operate as a privately held entity. …read more

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Category: NILE

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