Duck Creek Technologies announces expiration of ‘go-shop’ period

Duck Creek Technologies announced the expiration of the 30-day "go-shop" period under the terms of the previously announced definitive merger agreement, pursuant to which Vista Equity Partners will acquire Duck Creek for $19.00 per share, in an all-cash transaction valued at approximately $2.6 billion. The transaction is expected to close in the first half of 2023, subject to the satisfaction of customary closing conditions, including approval by Duck Creek’s stockholders and U.S. antitrust clearance. Upon completion of the transaction, Duck Creek’s common stock will no longer be publicly listed, and Duck Creek will become a privately held company.