As the Nasdaq Drops, Could Five9 Escape Its Deal with Zoom?

·3-min read
As the Nasdaq Drops, Could Five9 Escape Its Deal with Zoom?

Such buyout bids usually come with a nice premium to where the stock traded immediately prior to the news, and that can mean a quick payday for shareholders. Two months ago, Five9's stock moved higher after Zoom announced that it had come to an agreement to acquire the call-center platform specialist. Under the terms of the deal, Zoom would pay roughly $14.7 billion in an all-stock transaction that would give Five9 shareholders 0.5533 shares of Zoom stock for every Five9 share.

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