CCC Intelligent Solutions Holdings Inc.
(NASDAQ:CCC) shares surged 13.01% to $6.09 in overnight trading on Thursday after the company reportedly is exploring a sale.
Private Equity Circles CCC Amid Sale Talks The Chicago-based software provider has hired Morgan Stanley (NYSE:MS) to advise on the process and has reached out to potential buyers, including private equity firms, according to Reuters, which reported the details after-hours trading, citing sources.
CCC's platform serves more than 35,000 businesses across the auto insurance and repair ecosystem.
Its market value has slid to about $3.29 billion, with shares down 44.82% over 12 months.
