CCC Intelligent Solutions Q3 revenue rises 10.1% to $294.1M as it suspends guidance
CCC Intelligent Solutions grew third-quarter revenue 10.1% to $294.1M and suspended guidance ahead of its pending $6.1B sale to a GTCR-led group.
CCC Intelligent Solutions grew third-quarter revenue 10.1% to $294.1M. The insurance and auto claims software maker stopped giving guidance and skipped its earnings call because of its pending sale to a GTCR-led group. (CCC)
The consortium, which includes Elliott Investment Management, agreed on Oct 15 to pay $7.75 a share in cash, valuing CCC at about $6.1B including debt. The deal is expected to close in the first quarter of 2027, subject to regulatory and stockholder approval. (CCC)