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Xactly Corp.'s earliest public investors could see their returns nearly double in two years if the company's agreement to sell to Vista Equity Partners goes through.
Shares of Xactly climbed more than 16% after the two sides announced that Vista plans to buy all of Xactly's outstanding shares at $15.65 per share. The company's shares finished the day May 30 at $15.55, up from its previous closing price of $13.40.
The takeout price marks a significant increase from when the company went public in June 2015....