Vista Equity Partners has agreed to buy Duck Creek Technologies Inc. in a take-private transaction valued at roughly $2.6 billion, less than three years after the software company's shares went public with a market value of about $5 billion.
Under the agreement disclosed Monday, Vista would pay $19 a share for the software-as-a-service provider, representing a 46% premium to Friday's closing price of $12.99. Duck Creek shares surged on Monday to close at $19.03, just above the offering price.
Facebook Starts Effort to Boost Equity in Housing Ads
Meta Platforms Inc. said Monday that it has begun implementing technology designed to improve the equity of housing advertising displayed to Facebook users as part of a June settlement agreement with federal officials.
The adoption of new online advertising practices was a crucial component of a settlement among the Justice Department, federal housing officials and Meta regarding housing discrimination charges against the tech company.
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Expected Major Events for Tuesday
00:01/UK: Dec BRC-KPMG Retail Sales Monitor
01:01/UK: Dec KPMG and REC UK Report on Jobs
05:30/NED: Nov Manufacturing output
05:30/NED: Dec CPI
05:30/NED: Nov Consumer Spending
06:00/FIN: Nov Industrial Production
07:00/SWE: Nov New orders & deliveries in industry
07:00/SWE: Nov Industrial Production Index
07:00/DEN: Nov Industrial production & new orders
07:00/DEN: Dec CPI
07:00/NOR: Dec PPI
07:00/NOR: Dec CPI
07:00/TUR: Nov Employment / Unemployment
07:00/TUR: Nov Industrial Production Index
07:45/FRA: Nov Industrial production index
08:00/SVK: Nov Industrial production
08:00/AUT: Nov Production Index
09:00/BUL: Nov Industrial Production
10:00/GRE: Nov Industrial Production Index
10:00/LUX: Nov Industrial Production
10:00/GRE: Nov Labour Force Survey
11:00/FRA: Nov OECD CPI
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
01-10-23 0015ET