CCC Intelligent Solutions shares jump on reportedly advanced takeover talks
CCC•CCC Intelligent Solutions shares rose 9.5% in extended trading after GTCR and Elliott Investment Management were reportedly in advanced talks to acquire the company. A deal could be announced as soon as next week, but no final agreement has been reached.
1. Takeover discussions
GTCR and Elliott Investment Management are reportedly in advanced talks to acquire CCC Intelligent Solutions, with an announcement possible as soon as next week. No final agreement has been reached, and details including timing could change or the talks could end without a deal. CCC, GTCR and Elliott did not immediately respond to requests for comment. CCC shares were down about 12% year to date.
