Deal snapshot: INSIGHT VENTURE PARTNERS TO ACQUIRE ONLINE COLLABORATION SPECIALIST DILIGENT IN USD 624M DEAL.

MANews-(C)2009-2016

New Zealand-based Diligent Corp. (NZX: DIL), provider of secure online collaboration and document sharing solutions for boards, committees and leadership teams, has entered into a definitive agreement to be acquired by US-based venture capital and private equity firm Insight Venture Partners, the company said.

Under the terms of the agreement, Diligent stockholders will receive USD 4.90 (NZD 7.391) in cash for each share of Diligent stock, a consideration which values Diligent at approximately USD 624m (approximately NZD 941 m), including cash.

Country: New Zealand

Sector: IT/Online...

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