Shares of Diverger dramatically rose, climbing as much as 19.6% to A$1.070.

This marks their most successful day since October 28, 2020, provided the gains are sustained.

Diverger has confirmed its acquisition by Count, for an impressive A$45.3 million.

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

The per-share consideration reflects a 27.4% premium to Diverger’s last closing.

The brokerage E&P Capital stated that the company’s projected 6.6x EBITA multiple is at a premium over its 5x estimate.

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

Approximately 199,300 shares were traded, in contrast with the 30-day average of around 17,000 shares.

This week, Diverger has increased by 14.1%, marking its best week since August 2022; however, it’s down by 8.2% this year, as of its most recent closing.

Diverger is a company specializing in technological solutions and services.