India, Aug. 13 -- Sapiens International Corp. N.V. (SPNS), a provider of intelligent SaaS-based software solutions to the insurance industry, announced Wedenesday its agreement to be acquired by private equity investor Advent for $43.50 per share. The all-cash transaction values Sapiens at an equity value of around $2.5 billion.
Following the deal closure, Sapiens' shares will no longer be publicly listed, and it will become a privately held company.
Under the deal terms, the per share price represents a premium of around 64% over Sapiens' undisturbed closing share price of $26.52 on August 8, and a premium of around 51% to both the 30-day and 60-day volume-weighted average price as of the same date.
The transaction is expected to close ...