Vista Equity to Take EngageSmart Private in $4 Billion Deal
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EngageSmart Inc., a business-to-business software company, has agreed to be acquired by Vista Equity Partners in an all-cash deal valued at about $4 billion.
Under terms of the agreement, EngageSmart shareholders will get $23 per share in cash when the deal closes, representing a 23% premium to the share price on Oct. 4, the company said in a statement Monday. The shares jumped 12% in premarket trading after the announcement to $22.61.