Sapiens International (SPNS) Skyrockets 44% on $2.5-Billion Merger With Advent

We recently published 10 Stocks With Whopping 11-97% Upside. Sapiens International Corp. N.V. (NASDAQ:SPNS) is one of the best-performing stocks on Wednesday.

Sapiens International skyrocketed by 44.27 percent on Wednesday, a fourth day, to close at $42.56 apiece following news that it was set to be acquired by private equity firm Advent for $2.5 billion.

In a statement, Sapiens International Corp. N.V. (NASDAQ:SPNS) said it entered into an agreement with Advent for the sale of more than 57.47 million common shares at a price of $43.5 apiece.

The transaction, which will be entirely paid in cash, represents a 64-percent premium over Sapiens International Corp. N.V.’s (NASDAQ:SPNS) closing price of $26.52 last August 8, as well as a premium of approximately 51 percent to both the 30- and 60-day volume-weighted average price from the same period.

Sapiens International (SPNS) Skyrockets 44% on $2.5-Billion Merger With Advent

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Meanwhile, minority shareholder Formula Systems (1985) Ltd. will retain its ownership in the company.

Sapiens International Corp. N.V. (NASDAQ:SPNS) expects the transaction to close either in the fourth quarter of the year or in the first quarter of 2026, subject to closing conditions, including shareholder approval.

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