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Published on 22 Nov 2021 on Benzinga

Why Vonage Shares Are Soaring Today


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Vonage Holdings Corp (NASDAQ: VG) is trading significantly higher Monday after the company announced it would be acquired by Ericsson (NASDAQ: ERIC) in a $6.2 billion acquisition.

Ericsson entered into an agreement to acquire Vonage for $21 per share. Pending shareholder approval, the transaction is expected to close in the first half of 2022.

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