Vista Equity Partners Nearing Deal To Acquire Software Provider EngageSmart; Shareholders Of EngageSmart Would Receive $23 A Share In Vista Deal - WSJ Reports
Portfolio Pulse from Benzinga Newsdesk
Vista Equity Partners is reportedly close to acquiring software provider EngageSmart. Shareholders of EngageSmart would receive $23 per share in the deal, according to the Wall Street Journal.
October 23, 2023 | 11:57 am
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POSITIVE IMPACT
EngageSmart's stock may see a positive impact due to the acquisition news. The deal price of $23 per share could set a near-term price target for the stock.
Acquisition news typically leads to a positive impact on the stock of the company being acquired, especially if the deal price is higher than the current trading price. In this case, EngageSmart's shareholders are set to receive $23 per share, which could set a near-term price target for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100