Qualtrics gets $12.4 billion buyout offer from Silver Lake, Canada's CPPIB

Software maker Qualtrics International Inc said on Monday it had received a $12.4 billion buyout offer from private-equity firm Silver Lake Management and Canada Pension Plan Investment Board (CPPIB).

The deal values each stock of Qualtrics at $18.15, a premium of nearly 6 per cent to the company's last closing price.

Shares of Qualtrics, which is majority owned by Germany's SAP, rose 2.8 per cent in early trading.