Deals
Genesys to Buy Interactive Intelligence in $1.4 Billion Deal
- California-based Genesys will pay $60.50 a share in cash
- Deal is a 36% premium to shares prior to media reports of sale
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Genesys Telecommunications Laboratories Inc., the maker of call-center software, has agreed to buy Interactive Intelligence Group Inc. in a deal valued at about $1.4 billion.
Genesys will pay Interactive Intelligence holders $60.50 a share in cash, the companies said in a statement Wednesday. That represents a 36 percent premium to Interactive Intelligence’s price on July 28, before media reported that the company was exploring strategic alternatives, the companies said. It’s 6.8 percent above Tuesday’s closing price.