Weave jumps on Francisco Partners' takeover deal - WEAV News | RalliesWeave jumps on Francisco Partners' takeover deal
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WEAV• Weave shares jump on buyout announcement
- Weave Communications' shares (WEAV.N) jumped 31.8% to $7.29.
- Francisco Partners said it will buy WEAV at a $650 million equity valuation.
- Stockholders are to receive $7.40 per share in cash, a premium of 33.8% to the stock's last close.
- WEAV is set to cease trading on the NYSE and become a private company.
- Including the session's moves, the stock is down 4% year to date.
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