Why Benefytt Technologies Is Going Private and What to Do With the Stock

Why Benefytt Technologies Is Going Private and What to Do With the Stock

Benefytt Technologies (NASDAQ: BFYT) is an online insurance platform where consumers can shop for health insurance. The company announced in mid-July that it will be acquired by private equity firm Madison Dearborn Partners in an all-cash take-private transaction valued at $31 per share. The company's stock price is considerably lower than it was two years ago -- is this a good time to sell?