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Tags: cdk global | brookfield | brian krzanich

CDK Global to be Taken Private by Brookfield for $6.41B

CDK President and CEO Brian Krzanich delivers a keynote speech at CES International in Las Vegas in 2018, when he was the chief executive officer of Intel. (AP)

Thursday, 07 April 2022 07:16 AM EDT

CDK Global Inc. said Thursday it would be taken private by Brookfield Business Partners for $6.41 billion in cash.

The deal will pay CDK investors $54.87 for each share held, a premium of 12% to the company's closing price on Wednesday.

CDK makes retail technology and software for retailers and auto manufacturers and serves more than 15,000 retail locations in North America.

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