Duck Creek Technologies surges more than 30% after reaching takeover deal with Vista
Publishing timestamp: 2023-01-09 12:53:53
Summary
Duck Creek Technologies has reached a takeover deal with Vista Equity Partners, with Vista paying $19 per share in cash, or about $2.6 billion. Shares of Duck Creek surged about 46.5% to $19.03, representing a 46% premium to Friday's close of $12.99. The deal is expected to close in the second quarter of this year.
Sentiment: POSITIVE
Tickers: DCT,
Keywords: investment strategy, david faber, technology, business news, markets, duck creek technologies inc, breaking news: markets,