Bankrate , an online publisher of personal finance content, said Monday that it has entered a deal with Red Ventures to be acquired in an all-cash deal values Bankrate at an enterprise value of about $1.4 billion. Red Ventures is a data company that connects financial services, home services and healthcare businesses to consumers. Bankrate shareholders will receive $14 per share, about 31% above Bankrate’s average closing share price for the past three months. The transaction is expected to close in 2017. Bankrate is up 66% for the past year while the S&P 500 index is up 15.2% for the period.
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