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Posted on: Nov. 7, 2016, 1:20 p.m.
Blue Nile Inc. announced Monday a deal to be acquired by private-equity firm Bain Capital Private Equity for $500 million. Under terms of the deal, Blue Nile shareholders would receive $40.75 in cash for each share they own, a 34% premium to Friday's closing price, and a level not seen since February 2014. The deal, which is expected to close in the first quarter of 2017, may solicit other buyout proposals during a 30-day go-shop period. "Since its inception, Blue ... Full investment news articleRelevent to this post: Bain Capital Ventures Bain Capital,