India, Oct. 15 -- Software company CCC Intelligent Solutions Holdings Inc. (CCC) announced on Thursday that it has agreed to be acquired by a consortium led by private equity firm GTCR and including Elliott Investment Management L.P.
The all-cash transaction values CCC at about $6.1 billion. Stockholders will receive $7.75 per share, representing a premium of 44 percent to CCC's closing price on July 9, 2026, before media speculation of a sale.
The transaction, approved by CCC's board, is expected to close in the first quarter of 2027. CCC will then become a privately held company and its shares will be delisted from Nasdaq.
Morgan Stanley & Co. LLC is serving as financial advisor to CCC while J.P. Morgan is acting as lead financial advi...