Paul Weiss, Davis Polk Drive CDK's $8.3B Go-Private Deal

By Benjamin Horney (April 7, 2022, 8:17 AM EDT) -- Automotive retail technology company CDK Global will be taken private by Brookfield Business Partners at an enterprise value of $8.3 billion, the companies said Thursday, in an agreement advised, respectively, by Paul Weiss and Davis Polk.

Under the terms of the agreement, BBP, together with institutional partners, will launch a tender offer for all outstanding shares of Illinois-headquartered CDK, with a per share price of $54.87, according to a statement. That is equivalent to a premium of 30% over CDK's closing price on Feb. 18, which is the last trading day before rumors sprouted about a potential sale of the business....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!