secwatch.observer — SEC 8-K summary
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Issuer:     DUCK CREEK TECHNOLOGIES, INC. (—)
CIK:        0001160951
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001140361-23-014664
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vista Equity Partners completes acquisition of Duck Creek for $19/share, $2.6B
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- Acquisition completed at $19.00 per share in all-cash transaction valued at approximately $2.6 billion.
- Duck Creek shares ceased trading and will be delisted from Nasdaq Global Select Market.
- Board of directors replaced; new directors appointed including Maneet Saroya, Jeffrey Wilson, Jack Dillon, Chad Martin, Michael Jackowski.
- Parent entered into $650M term loan and $65M revolving credit facility to finance the acquisition.
- Company becomes wholly owned subsidiary of Vista Equity Partners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1160951/000114036123014664/0001140361-23-014664-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1160951/000114036123014664/brhc10050562_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-014664

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