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UPDATE: ACTIVE Network Will Be Purchased by Vista Equity Partners for $14.50/Share

ACTIVE Network (NYSE: ACTV), the leader in cloud-based Activity and
Participant Management™ (APM) solutions, today announced that it has
entered into a definitive agreement to be acquired by Vista Equity
Partners (“Vista”), a leading private equity firm focused on investments
in software, data and technology-enabled businesses, in an all cash
transaction valued at approximately $1.05 billion.

Under the terms of the agreement Vista will commence a tender offer to
acquire all of the outstanding shares of ACTIVE's common stock for
$14.50 per share in cash, representing a premium of approximately 111%
to ACTIVE's year to date average closing stock price. The ACTIVE Board
of Directors unanimously recommends that ACTIVE stockholders tender
their shares in the

See full press release

Posted-In: News M&A

 

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