Until Feb. 7, 2023, Duck Creek will have a "go-shop" period, during which the company can actively initiate, solicit and consider alternative offers. Duck Creek's board can terminate the merger agreement with Vista should a superior offer materialize. (Credit: Valery Kachaev/Adobe Stock)
Vista Equity Partners is moving to purchase Duck Creek Technologies in a deal valued at $2.6 billion, according to the acquiring firm. Duck Creek shareholders will receive $19 per share, a 64% premium to the 30-day volume-weighted average price (ending Jan. 6, 223). Vista reported it plans to take Duck Creek private upon the transaction's closing.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
