KORE Group Shares Jump 76% After $726 Million All-Cash Buyout Agreement
KORE Group Holdings stock climbed 76% in Friday trading after the company agreed to be bought for $726 million in cash by Searchlight Capital Partners and Abry Partners at $9.25 per share. The offer values the company at a 691% premium to its December 18, 2024 closing price and follows approval from KORE's board and a special committee of independe…