LiveVox gains on Nice buyout deal

LiveVox Holdings

04/10/2023 14:38

** Shares of cloud-based platform LiveVox Holdings  LVOX.O 
rise 7.5% to $3.59 in early market trading
    ** Israeli software provider Nice  NICE.TA  has agreed to
acquire LiveVox for $3.74 per share, to expand its capabilities
in conversational AI deployed to companies
    ** Deal is expected to be cash flow positive and accretive
to NICE's operating income, operating margin and non-GAAP EPS
during 2024
    ** The deal, which is approved by the boards of both NICE
and LiveVox, is expected to close in H1 2024
    ** U.S.-listed shares of Nice up about 1%
    ** Up to Tuesday's close, LVOX had risen 12.5% so far this
year

 (Reporting by Mehr Bedi in Bengaluru)
 ((Mehr.Bedi@thomsonreuters.com;))