Why Couchbase Stock Is Skyrocketing Today
Couchbase (NASDAQ: BASE) stock is seeing a huge jump in Friday's trading following news of a buyout for the company. The software specialist's share price was up 30% as of 3:25 p.m. ET.
Before market open this morning, Couchbase published a press release announcing that it had entered into an agreement to be acquired by Haveli Investments. The deal will see Couchbase acquired at a $1.5 billion valuation, representing a 29% premium compared to the company's price at market close on June 18.
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Source Fool.com
