Duck Creek Agrees To Be Acquired By Vista Equity Partners For $2.6 Bln
Duck Creek Technologies Inc: * DUCK CREEK AGREES TO BE ACQUIRED BY VISTA EQUITY PARTNERS FOR $2.6 BILLION * DUCK CREEK AGREES TO BE ACQUIRED BY VISTA EQUITY... | January 9, 2023
Jan 9 (Reuters) - Duck Creek Technologies Inc: * DUCK CREEK AGREES TO BE ACQUIRED BY VISTA EQUITY PARTNERS
FOR
$2.6 BILLION * DUCK CREEK AGREES TO BE ACQUIRED BY VISTA EQUITY PARTNERS
FOR
$2.6 BILLION * DUCK CREEK TECHNOLOGIES INC - PROPOSED DEAL FOR $19.00 PER
SHARE * DUCK CREEK TECHNOLOGIES INC- DUCK CREEK SHAREHOLDERS TO
RECEIVE
$19.00 PER SHARE IN CASH * DUCK CREEK TECHNOLOGIES INC - DUCK CREEK TO BECOME A
PRIVATELY
HELD COMPANY UPON COMPLETION OF TRANSACTION * DUCK CREEK TECHNOLOGIES INC - TO BECOME A PRIVATELY HELD
COMPANY
UPON COMPLETION OF TRANSACTION * DUCK CREEK TECHNOLOGIES INC - AGREEMENT INCLUDES A
"GO-SHOP"
PERIOD EXPIRING AT 11:59 P.M. EASTERN TIME ON FEBRUARY 7, 2023 * DUCK CREEK TECHNOLOGIES INC - VISTA EQUITY PARTNERS
INTENDS TO
FINANCE TRANSACTION WITH FULLY COMMITTED EQUITY FINANCING * DUCK CREEK TECHNOLOGIES -DEAL NEGOTIATIONS WERE LED BY
SPECIAL
COMMITTEE OF DUCK CREEK BOARD COMPOSED ENTIRELY OF
INDEPENDENT,DISINTERESTED DIRECTORS * DUCK CREEK - BOARD WILL HAVE RIGHT TO TERMINATE MERGER TO
ENTER
INTO A SUPERIOR PROPOSAL SUBJECT TO THE TERMS AND CONDITIONS OF
THE MERGER AGREEMENT
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