ServiceSource International (NASDAQ:SREV) stock is gaining on Monday after the outsourcing service company revealed a deal with Concentrix Corporation (NASDAQ:CNXC).
The big news here is that Concentrix Corporation is acquiring ServiceSource International. This will have it paying $1.50 per share in cash for each share of SREV stock. That represents a 47% premium over the stock’s closing price on Friday.
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The post Why Is ServiceSource International (SREV) Stock Soaring 40% Higher Today? originally appeared at InvestorPlace.