UPDATE: Diligent shares soar 26% after takeover offer valuing company at $941 mln

Sun, 14 Feb 2016

(Updates with share price and analyst comment) By Fiona Rotherham Feb. 15 (BusinessDesk) - Shares in New York-based and NZX-listed Diligent Corp soared , and are currently up 26 percent, after news it's being acquired by venture capital firm Insight Venture Partners in a deal that values the governance software developer at $941 million. Under the terms of the agreement, Diligent shareholders will receive $7.39 (US$4.90) in cash per share, which is a 31 percent premium to the closing share price on Friday of $5.64, the company said in...

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