Deals
Active Network to Be Acquired by Vista for $1.05 Billion
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Active Network Inc., a company that manages online registration for marathons, business conferences and other events, agreed to be acquired by private-equity firm Vista Equity Partners for about $1.05 billion in cash.
Vista will commence a tender offer to acquire all of the outstanding shares of San Diego-based Active’s common stock for $14.50 a share, according to a statement today. That represents a 27 percent premium over the closing price on Sept. 27, the most recent trading day. Active’s board endorsed the offer, recommending that all stockholders tender their shares.