Vista Equity Partners to Acquire DH Corp in $3.6 Billion Deal
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Vista Equity Partners to Acquire DH Corp in $3.6 Billion Deal
Austin-based private equity firm Vista Equity Partners is one step closer to acquiring Canadian financial services provider DH Corp., in a deal valuing the company at $2.03 billion.
DH Corp stockholders will receive CAD 25.50 per share of common stock in cash. This represents a 11 percent premium to DH Corp’s average closing share price on Friday, and 36 percent above where shares closed over the last 90 trading days.
Vista’s acquisitions often focus on software, data, and technology-enabled businesses. The business being sold makes software with varied uses but caters mainly to lenders, credit unions, governments and corporations.
The company’s stock has ... (read more)
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