Why CCC Intelligent Solutions Stock Soared Today
CCC Intelligent Solutions (NASDAQ: CCC) was quite the clever stock pick on Monday. Shares of the company, which concentrates on software solutions mainly for the auto insurance business, bounced more than 8% higher that trading session. This followed a report that the company was in advanced discussions to be acquired.
After market close on Friday, Bloomberg published a story stating that Elliott Investment Management and private equity firm GTCR are in talks with CCC regarding a buyout.
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