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| Name | Symbol | Market | Type |
|---|---|---|---|
| Ericsson | NASDAQ:ERIC | NASDAQ | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.05 | 0.97% | 5.20 | 5.20 | 5.99 | 5.27 | 5.20 | 5.23 | 13,615,812 | 05:00:09 |
From May 2021 to May 2024
By Colin Kellaher
Shares of Vonage Holdings Corp. jumped more than 25% in premarket trading Monday after the telecommunications-services company agreed to be acquired by Swedish telecom-equipment maker Ericsson AB for around $6.2 billion.
Ericsson agreed to pay $21 a share for Vonage, a roughly 28.2% premium to Friday's closing price for the Holmdel, N.J., company.
The takeover price also is more than 50% above the Vonage's late-August share price of around $13.50, when published reports emerged that activist investor Jana Partners, which holds a 4% stake in Vonage, was pushing for a sale of the company.
Vonage shares were recently changing hands at $20.87, up 27.5%, in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 22, 2021 06:10 ET (11:10 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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