Under the deal, stockholders of business-software company EngageSmart will receive $23 a share.
EngageSmart stock was surging Monday after the business-software company agreed to be acquired by private-equity firm Vista Equity Partners for $4 billion.
Shares of EngageSmart jumped 12% in premarket trading Monday to $22.55. Coming into the session, the stock has climbed 15% this year. “We believe the partnership with Vista and General Atlantic will enable us to continue investing in innovation and people to drive growth,” EngageSmart Chief Executive Bob Bennett said in the news release.
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