CCC Intelligent Solutions is trading 8.2% up at $5.82 after Reuters reported the company is exploring a potential sale and has hired Morgan Stanley to advise on talks with prospective buyers.
- The insurance software provider is reportedly engaging with prospective buyers to gauge interest in an acquisition.
- Shares are rebounding sharply as investors anticipate a takeover premium following a period of recent market weakness.
- The move highlights renewed M&A interest in the company after a period of share price underperformance.