DCT - Duck Creek Technologies said to have competitive sales process - report
- Duck Creek Technologies ( NASDAQ: DCT ) planned sale to private equity firm Vista Equity Partners was part of a competitive sales process, according to CNBC.
- Duck Creek ( DCT ) shares surged 47% after the company's $19/share sale to Vista Equity was announced earlier Monday. The shares are currently at $19.11, above the deal price, sometimes an indication that investors believe a higher bid could happen.
- RBC analyst Rishi Jaluria had said in October 2022 that DCT, along with New Relic, was viewed as a possible takeout candidate in the software space.
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Duck Creek Technologies said to have competitive sales process - report