Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
Shares of EngageSmart Inc.
shot up 10.1% toward a one-year high in premarket trading Monday, before being halted for news, after The Wall Street Journal reported that Vista Equity Partners was close to buying the customer engagement software company in a deal valued at $4 billion. The WSJ report said that under terms of the deal, EngageSmart shareholders would receive $23 in cash for each EngageSmart share they own, which would represent a 13.9% premium to Friday’s closing price of $20.20.
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