Shares of Vonage, the cloud-based telecom company, soared in premarket trading Monday after agreeing to be acquired by Ericsson for $21 a share in cash.
The companies, in a statement Monday, said the deal had an enterprise value of $6.2 billion.
Vonage (ticker: VG) rose 26.8% to $20.75 in premarket trading. The stock closed Friday at $16.37….
Source: Vonage Stock Soars on $6.2 Billion Deal to Be Bought by Ericsson
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Vonage Stock Soars on $6.2 Billion Deal to Be Bought by Ericsson - Click To Share