By Colin Kellaher

 

Shares of Vonage Holdings Corp. jumped more than 25% in premarket trading Monday after the telecommunications-services company agreed to be acquired by Swedish telecom-equipment maker Ericsson AB for around $6.2 billion.

Ericsson agreed to pay $21 a share for Vonage, a roughly 28.2% premium to Friday's closing price for the Holmdel, N.J., company.

The takeover price also is more than 50% above the Vonage's late-August share price of around $13.50, when published reports emerged that activist investor Jana Partners, which holds a 4% stake in Vonage, was pushing for a sale of the company.

Vonage shares were recently changing hands at $20.87, up 27.5%, in premarket trading.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

November 22, 2021 06:10 ET (11:10 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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