Evolving Systems jumps on divestment deal

Symbolic Logic

18/10/2021 14:22

** U.S. software provider's shares  EVOL.O  rise ~21% to
$2.72 premarket
    ** Stock set to open at highest level in over 3 months; 
among top pct gainers on Nasdaq 
    ** EVOL agrees to sell its activation and marketing business
divisions for $40 mln to software firm PartnerOne Capital
    ** Says deal approved by boards of both companies
    ** Up to Friday's close, stock had risen ~14% this year


 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))