Diligent confirms U.S. takeover offer, shares jump 26 percent

Feb 15, 2016 · The offer represents a 31 percent premium to Friday's closing price, Diligent said in a statement to the New Zealand stock exchange. The stock jumped 26 percent on the news.

CouponFollow Extension

$4.90
OFF

Diligent Confirms U.S. Takeover Offer, Shares Jump 26 Percent

1 week from now

Feb 15, 2016 · Under the terms of the agreement Diligent shareholders will receive US$4.90 in cash per share from Insight Venture Partners. ... Diligent confirms U.S. takeover offer, shares …

yahoo.com

$941
OFF

Diligent Confirms U.S. Takeover Offer, Shares Jump 26 Percent

1 week from now

Feb 14, 2016 · New Zealand software company Diligent Corp Monday confirmed a U.S. investment firm has offered around NZ$941 million ($622.38 million) for the company.

reuters.com

$941
OFF

Diligent Confirms U.S. Takeover Offer, Shares Jump 26 Percent

1 week from now

Feb 15, 2016 · New Zealand software company Diligent Corp Monday confirmed a U.S. investment firm has offered around NZ$941 million ($622.38 million) for the company. Under …

yahoo.com

26%
OFF

UPDATE: Diligent Shares Soar 26% After Takeover Offer Valuing …

1 week from now

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 …

sharechat.co.nz

26%
OFF

Diligent Confirms US Takeover Offer, Shares Jump 26% - 商业时报

1 week from now

Feb 14, 2016 · [WELLINGTON] New Zealand software company Diligent Corp Monday confirmed a US investment firm has offered around NZ$941 million (S$868.4 million) for the company. ...

businesstimes.com.sg

26%
OFF

UPDATE: Diligent Shares Soar 26% After Takeover Offer Valuing …

1 week from now

Feb 14, 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 ,...

businessdesk.co.nz

26%
OFF

UPDATE: Diligent Shares Soar 26% After Takeover Offer

1 week from now

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 …

scoop.co.nz

$4.90
OFF

Diligent Takeover Confirmed - Shares News - NZ Herald

1 week from now

New York-based Insight Venture Partners' offer of US$4.90 (NZ$7.39) a share values Diligent at around $941 million. At the company's closing price of $5.64 on Friday, the firm was valued at …

nzherald.co.nz

$7.39
OFF

Diligent Shareholders Greenlight Takeover - NZ Herald

1 week from now

Under the terms of the deal, Diligent shareholders will receive $7.39 (US$4.90) in cash per share, valuing the company at $941 million and at a 31 percent premium to the pre-announcement …

nzherald.co.nz

$4.90
OFF

Reject Diligent Takeover Bid, Says Broker - NZ Herald

1 week from now

At US$4.90 a share (around NZ$7.36), the offer values Diligent at roughly $941 million, including cash. The offer price is a 31 per cent premium to the pre-announcement share price.

nzherald.co.nz

$941
OFF

Diligent Confirms U.S. Takeover Offer, Shares Jump 26 Percent

1 week from now

Feb 15, 2016 · New Zealand software company Diligent Corp Monday confirmed a U.S. investment firm has offered around NZ$941 million ($622.38 million) for the company. Under …

yahoo.com

$7
OFF

Private-equity Owners Of Diligent Explore $7-billion Sale Of …

1 week from now

3 days ago · The private-equity owners of Diligent are weighing strategic options, including a sale, that could value the corporate-governance software maker at nearly $7 billion including debt, …

reuters.com

$7
OFF

Exclusive-Private-Equity Owners Of Diligent Explore $7-Billion Sale …

1 week from now

3 days ago · (Reuters) - The private-equity owners of Diligent are weighing strategic options, including a sale, that could value the corporate-governance software maker at nearly $7 billion …

usnews.com

FAQs about Diligent confirms U.S. takeover offer, shares jump 26 percent Coupon?

What happens when a takeover is announced?

When a takeover is announced, shares of the target company will systematically rise to a level that is near the price per share that the acquiring company has offered to pay. This should be higher than the market value of the target company prior to the deal. ...

What is a company that is being taken over called?

When a buyer takes over a target company, it usually offers a price higher than the current market value. The buying company is referred to as a takeover company. In the deal, the buyer may use its own stock, cash, or debt. ...

Should investors reject a takeover offer?

An investor is likely to reject a takeover offer unless it reflects a premium that is at least as high as the current price of the stock. Unless the offer is part of a desperation sale. ...

What happens if you don't accept a compulsory takeover offer?

An important point to stress is if you don’t accept the compulsory takeover offer and you’re a minority shareholder, your shares will be transferred to the acquiring company. If you’re hoping for incentives to stay invested, you’re unlikely to get anything aside from new shares. ...

Who owns diligent?

Insight Partners, which is the biggest investor in Diligent, took the company private off the New Zealand stock exchange for $624 million in 2016. Clearlake came in as a minority investor in the company in 2018, followed by Blackstone two years later. (Reporting by Milana Vinn in New York; Editing by Rod Nickel) ...

Should investors be short-changed when a takeover happens?

Investors may benefit when a takeover happens. For example, Japanese company Asahi’s decision to buy Fuller, Smith & Turner’s beer business in 2019 netted shareholders in the parent firm a healthy windfall. But there have been times when investors were short-changed. ...