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QTWO - Q2 Holdings gain amid report of takeover interest for peer nCino
Q2 Holdings Inc.
2023-06-16 15:56:41 ET
Q2 Holdings ( NYSE: QTWO ) rose 5 % amid a report that cloud-based banking software company nCino was considering options after receiving takeover interest.
Q2 ( QTWO ), a competitor to nCino, is likely moving in sympathy with nCino, which jumped 25% on the Reuters report.
The board of nCino ( NASDAQ: NCNO ) has been in discussions about forming a special committee to review the expressions of interest, according to a Reuters report .