Sweden’s Cint Jumps After $1.1 Billion U.S. Acquisition
- Shares of Cint rise to a record as trading starts in Stockholm
- Cint earlier raised 4.4 billion kronor in new share issue
Photographer: Scott Eells/Bloomberg
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Swedish market research firm Cint Group AB agreed to buy U.S. analytics company Lucid Holdings LLC for about $1.1 billion to expand its foothold in the digital survey market. Cint’s shares climbed to a record in Stockholm.
Cint, which listed in the Swedish capital in February, will pay $580 million in cash and $470 million in shares for Lucid, it said in a statement on Wednesday. The deal is seen closing by the end of the year.