Vonage Stock Soars on $6.2 Billion Deal to Be Bought by Ericsson

3 years ago 391

Shares of Vonage, the cloud-based telecom company, soared successful premarket trading Monday aft agreeing to beryllium acquired by Ericsson for $21 a stock successful cash.

The companies, successful a connection Monday, said the woody had an endeavor worth of $6.2 billion.

Vonage (ticker: VG) roseate 26.8% to $20.75 successful premarket trading. The banal closed Friday astatine $16.37....

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