Dun & Bradstreet Holdings Inc.’s stock jumped to an 18-month high Aug. 2 after Reuters news service reported the Jacksonville-based business data company is considering a potential sale.
Citing “people familiar with the matter,” Reuters said Dun & Bradstreet has engaged investment bankers at Bank of America to gauge interest from buyers.
Dun & Bradstreet, which traces its history to 1841, was acquired in 2019 by an investment group led by Fidelity National Financial Chairman Bill Foley.
Foley remains executive chairman of Dun & Bradstreet in addition to his role of chairman of Jacksonville-based Fidelity.
After taking steps to turn around operations, the investors took the company public again with an initial public offering in 2020.
Dun & Bradstreet then moved its headquarters to Jacksonville in 2021, acquiring the 218,700-square-foot Town Center Two building at 5335 Gate Parkway across Butler Boulevard from St. Johns Town Center.
The Reuters story came a day after Dun & Bradstreet reported second-quarter revenue rose 4.2%, adjusted for foreign exchange rates, to $576.2 million.
Earnings rose by a penny in the quarter to 22 cents a share.
Reuters said the company has a market value of about $8 billion, including debt.
Dun & Bradstreet’s stock rose as much as $2.46 to $12.75 Aug. 2, its highest level since February 2023.
The stock sold for $22 a share in its July 2020 IPO, but the stock has fallen steadily over the last four years.