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home / news releases / KLR - Kaleyra rises after reports on proposed acquisition by Tata Communications for $7.25 per share

KLR - Kaleyra rises after reports on proposed acquisition by Tata Communications for $7.25 per share

Kaleyra Inc.

2023-06-28 09:18:28 ET

  • Kaleyra ( NYSE: KLR ) rose ~42% Wednesday pre-market after media reports on a proposed acquisition of the mobile communication services company by Tata Communications for cash consideration of $7.25 per share.
  • Kaleyra holders will receive $100M, and the acquirer is also expected to take upon itself the target's outstanding debt, Bloomberg News reported .
  • The transaction is expected to close in 6 to 9 months, the report noted.

For further details see:

Kaleyra rises after reports on proposed acquisition by Tata Communications for $7.25 per share
Stock Information
Company Name: Kaleyra Inc.
Stock Symbol: KLR
Market: NYSE
Website: kaleyra.com
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