Benefytt Technologies, Inc. (BFYT) has agreed to be acquired by funds affiliated with Madison Dearborn Partners, LLC. The all-cash deal is structured as a tender offer of $31.00 per share. The transaction is the culmination of a process led by Benefytt's Board to explore strategic alternatives for the company.

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RTTNews | Jul 13, 2020 07:18AM EDT

07:17 Monday, July 13, 2020 (RTTNews.com) - Benefytt Technologies, Inc. (BFYT) has agreed to be acquired by funds affiliated with Madison Dearborn Partners, LLC. The all-cash deal is structured as a tender offer of $31.00 per share. The transaction is the culmination of a process led by Benefytt's Board to explore strategic alternatives for the company.

Following completion of the merger, Benefytt will become a private company, substantially owned by the MDP Funds, and will no longer be traded on Nasdaq Global Select Market. Benefytt's management team is expected to continue to lead the company.

Read the original article on RTTNews ( https://www.rttnews.com/3110434/madison-dearborn-partners-to-commence-tender-offer-for-benefytt-technologies.aspx)

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