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Care.com (NYSE:CRCM) shares are trading higher after the company announced it will be acquired by IAC/InterActiveCorp (NASDAQ:IAC) for $15 per share in an all-cash transaction of $500 million.
This valuation represents a 34% premium to Care.com's closing stock price on Oct. 25, the last trading day before a media report was published speculating about a potential sale process. Care.com is an online marketplace for finding and managing family care.
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Care.com shares were up 15% to $15. The stock has a 52-week high of $25.81 and a 52-week low of $7.61.
IAC shares were up 1.5% to $242.10. The stock has a 52-week high of $268.72 and a 52-week low of $161.39.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.