Tata Communications Limited Has Entered Agreement To Acquire Kaleyra; Consideration Payable To Kaleyra Shareholders Is Equal To $7.25/Share Of Kaleyra Common Stock
Portfolio Pulse from Benzinga Newsdesk
Tata Communications Limited has announced an agreement to acquire Kaleyra. The consideration payable to Kaleyra shareholders is equal to $7.25 per share of Kaleyra common stock.
June 28, 2023 | 12:11 pm
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Tata Communications Limited is set to acquire Kaleyra at $7.25 per share. This could potentially impact the stock price of Kaleyra.
The acquisition announcement typically leads to an increase in the stock price of the company being acquired, especially if the acquisition price is higher than the current trading price. In this case, Kaleyra's shareholders are set to receive $7.25 per share, which could potentially lead to an increase in KLR's stock price in the short term.
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