Investing.com-- Dun And Bradstreet Holding Inc (NYSE:DNB) is being eyed as a takeover target by Veritas Capital, Bloomberg reported on Thursday, sending the data firm’s shares up sharply in aftermarket trade.
DNB jumped more than 7% to $13.0 in afterhours trade. The company has a market capital of $5.36 billion based on its Thursday close.
The Bloomberg report comes just days after a report from 9fin said that the data firm, which is nearly 200 years old, was fielding acquisition interest from private equity firms including Veritas and Clearlake.
DNB has been exploring a sale since at least August 2024, when Reuters reported that the firm was working with investment bankers to evaluate takeover options.
Cannae Holdings Inc (NYSE:CNNE) is DNB’s biggest shareholder, with an at least 15% stake in the firm.
DNB- which traces its roots back to 1841- provides a slew of commercial data and analytics services to private and government customers. The company had earlier on Thursday declared a quarterly dividend of 5 cents per share.