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Why Shares of Bazaarvoice Inc. Surged Today

TheMotleyFool

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Why Shares of Bazaarvoice Inc. Surged TodayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D

Why Shares of Bazaarvoice Inc. Surged Today

Shares of Bazaarvoice Inc. (NASDAQ: BV), a user-generated content platform provider, jumped on Monday after the company agreed to be acquired. Bazaarvoice also announced its second-quarter results, but this was overshadowed by the acquisition news. The stock was up about 13% at noon EST.

Marlin Equity Partners has agreed to acquire Bazaarvoice for $5.50 per share in cash, an 18% premium to the average closing price in the 30-day period ending Nov. 24. The deal is valued at $521 million.

Image source: Getty Images.

Source: Fool.com