According to Bloomberg, Jana Partners Is Pushing Vonage (VG) to Sell or Break Up

  • September 1, 2021

POTENTIAL DEAL DETAILS

StockVonage Holdings Corp.SymbolVG
Date Announced08/31/2021Source Bloomberg
TypeNews Report
Date of Confirmation: 11/22/2021Price at Confirmation: $20.45
Potential Profit: 45.04%Annualized Profit: 198.05%

Activist investor Jana Partners has called on Vonage Holdings Inc. (VG) to hire advisers to explore strategic alternatives, including a possible sale of all or parts of the telecommunications services company, according to people familiar with the matter.

Update(s):

November 22, 2021: Ericsson (ERIC) has entered into an agreement to acquire Vonage (VG) for USD 21 per share. This represents a total acquisition price of approximately USD 6.2 billion (Enterprise Value).

For more details view Deal Metrics

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