Diligent Deal What’s new – Takeover Time This week it was announced that US based Insight Venture Partners has launched a takeover bid for Diligent Corporation (DIL). If approved, Diligent shareholders will receive NZ$7.39 (US$4.90) in cash for each share – a 31% premium over Diligent's closing share price on Friday (12 February 2016). Given the takeover offer, it values Diligent at approximately $NZ 941Million ($US 624 Million). The Diligent Board of Directors has unanimously approved the transaction and resolved to recommend that stockholders vote in favour of the agreement. "After a careful review of strategic alternatives, the Diligent Board of Directors determined that the terms offered by Insight represent a transaction that is in the best interest of stockholders," said David Liptak. Insight Venture Partners, is a leading global venture capital and private equity firm investing in high-growth software, internet and data services companies. Insig...