• The acquisition agreement between Vista Equity Partners and insurance technology startup Duck Creek Technologies sent its stock surging on Monday. According to the agreement, Vista must pay $19 per share in cash, or around $2.6B. The price is 46% more than Friday's close of $12.99. Duck Creek's stock increased by almost 46.5% to $19.03, above the offer price.
• Duck Creek, a provider of enterprise software for property and liability insurers, went public in August 2020 for $27 per share, and by February 2021, it had reached a high-water peak of over $59 per share. It later suffered a decline in the value of its stock of around 60% in 2022 due to a lack of interest from investors in previously fast-growing regions.