EngageSmart shares are trading higher after the company announced it would be acquired by Vista Equity Partners for $23 per share.
Portfolio Pulse from Luke J Jacobi
EngageSmart announced that it will be acquired by Vista Equity Partners for $23 per share. This has led to a rise in the company's stock price.
October 23, 2023 | 12:15 pm
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EngageSmart's stock price is trading higher following the announcement of its acquisition by Vista Equity Partners for $23 per share.
The acquisition announcement has led to a positive market reaction, causing EngageSmart's stock price to rise. This is because acquisitions often lead to a premium being paid for the company being acquired, which is reflected in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100