Shares of Diverger (ASX:DVR) have experienced a significant increase, rising as much as 19.6% to A$1.070.

If the gains hold, this would be its best day since October 28, 2020.

Diverger reports that it has been acquired by Count (ASX:CUP) for A$45.3 million.

Under the terms of the deal, Diverger shareholders will receive A$0.367 per share in cash and 1.38 Count shares per every Diverger share held.

This per-share consideration represents a 27.4% premium to the stock’s last closing price.

Diverger’s stock has reached the highest level since November 25, 2022.

The volume of shares changed hands exceeded 112,000, a substantial increase over the 30-day average volume of about 17,000 shares.

Diverger’s stock has experienced a 10.9% gain this week, heading towards its best week since July 8; however, it is down 8.2% year to date, as of the last close.

On the other hand, Count’s shares fell as much as 7.1% to A$0.520, becoming their lowest value since August 25.

Diverger is a company that has recently seen a significant boost in its share price due to an acquisition deal with Count.