Why Cloud CCaaS Company LiveVox's Shares Are Gaining Today?
Portfolio Pulse from Nabaparna Bhattacharya
LiveVox Holdings, Inc (LVOX) has agreed to be acquired by NICE Ltd (NICE) for $3.74 per share in cash, a 12% premium over LVOX's last closing price. The deal will see NICE's CXone platform join LiveVox's proactive outreach portfolio, offering a unified platform for deploying conversational AI. The transaction is expected to be cash flow positive and accretive to NICE's operating income, margin and non-GAAP EPS during 2024, and will not impact NICE's share buyback program. The deal is expected to close in the first half of 2024.
October 04, 2023 | 3:29 pm
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POSITIVE IMPACT
LiveVox is being acquired by NICE Ltd for a premium, which has led to a rise in its share price.
The acquisition news has led to a rise in LiveVox's share price as the deal price represents a premium over its last closing price. This is a direct impact of the news on the company's stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
NICE Ltd is acquiring LiveVox, which is expected to be cash flow positive and accretive to its operating income, margin and non-GAAP EPS in 2024.
The acquisition of LiveVox is expected to be beneficial for NICE Ltd in terms of cash flow, operating income, margin and non-GAAP EPS in 2024. This is a direct impact of the news on the company's stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100