Vista Equity Partners has agreed to buy Duck Creek Technologies Inc. in a take-private transaction valued at roughly $2.6 billion, less than three years after the software company's shares went public with a market value of about $5 billion.

Under the agreement disclosed Monday, Vista would pay $19 a share for the software-as-a-service provider, representing a 46% premium to Friday's closing price of $12.99. Duck Creek shares surged on Monday to close at $19.03, just above the offering price.


Facebook Starts Effort to Boost Equity in Housing Ads

Meta Platforms Inc. said Monday that it has begun implementing technology designed to improve the equity of housing advertising displayed to Facebook users as part of a June settlement agreement with federal officials.

The adoption of new online advertising practices was a crucial component of a settlement among the Justice Department, federal housing officials and Meta regarding housing discrimination charges against the tech company.


Write to singaporeeditors@dowjones.com


Expected Major Events for Tuesday

00:01/UK: Dec BRC-KPMG Retail Sales Monitor

01:01/UK: Dec KPMG and REC UK Report on Jobs

05:30/NED: Nov Manufacturing output

05:30/NED: Dec CPI

05:30/NED: Nov Consumer Spending

06:00/FIN: Nov Industrial Production

07:00/SWE: Nov New orders & deliveries in industry

07:00/SWE: Nov Industrial Production Index

07:00/DEN: Nov Industrial production & new orders

07:00/DEN: Dec CPI

07:00/NOR: Dec PPI

07:00/NOR: Dec CPI

07:00/TUR: Nov Employment / Unemployment

07:00/TUR: Nov Industrial Production Index

07:45/FRA: Nov Industrial production index

08:00/SVK: Nov Industrial production

08:00/AUT: Nov Production Index

09:00/BUL: Nov Industrial Production

10:00/GRE: Nov Industrial Production Index

10:00/LUX: Nov Industrial Production

10:00/GRE: Nov Labour Force Survey

11:00/FRA: Nov OECD CPI

All times in GMT. Powered by Onclusive and Dow Jones.

Write to us at newsletters@dowjones.com

We offer an enhanced version of this briefing that is optimized for viewing on mobile devices and sent directly to your email inbox. If you would like to sign up, please go to https://newsplus.wsj.com/subscriptions.

This article is a text version of a Wall Street Journal newsletter published earlier today.


(END) Dow Jones Newswires

01-10-23 0015ET