Deals
Vista Equity to Pay $2.6 Billion for the Insurtech Duck Creek
Buildings stand in the city skyline behind the waterfront in Boston.
Photographer: Scott EisenThis article is for subscribers only.
Vista Equity Partners agreed to pay about $2.6 billion in cash for insurance technology provider Duck Creek Technologies Inc.
Vista is paying $19 per share for the Boston-based company, or a 46% premium to its closing share price on Jan. 6, according to a statement Monday. Duck Creek has until Feb. 7 to solicit other offers during a so-called go-shop period.