Analyst Values CCC Intelligent Solutions at $10-$12 in Potential Takeout
Photo: TokenPost
An analyst estimated that CCC Intelligent Solutions Holdings Inc. (CCC) could command $10-$12 per share in a potential takeout, putting a possible valuation range on an acquisition that has not produced a definitive agreement. GTCR and Elliott Investment Management have been in advanced talks to acquire CCC. The discussions could end without a transaction, their timing could change, and another bidder could emerge. No offer price or final agreement has been disclosed. CCC provides cloud-based software and technology services for the property and casualty insurance industry. Its customers and business partners include insurers, repairers, automakers, parts suppliers and lenders.
Source: TokenPost
