Why Weave Communications Stock Soared Today
The AI software specialist received an attractive takeover bid.
Overview
Shares of Weave Communications (NYSE: WEAV) spiked on Tuesday after the artificial intelligence (AI)-powered patient engagement and payments platform for healthcare practices agreed to be acquired by private equity firm Francisco Partners.
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Under the terms of the deal, Weave's shareholders would receive $7.40 per share in cash. That's a premium of about 34% to its stock's closing price on Aug. 17.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.