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GTCR and Elliott in Talks to Buy CCC Solutions

Private equity firm GTCR and Elliott Investment Management are in advanced talks to acquire software provider CCC Intelligent Solutions. Shares rose about 13 percent in extended trading following the report. A final deal agreement has not yet been reached.

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Private equity firm GTCR and activist investor Elliott Investment Management are in advanced talks to acquire software provider CCC INTELLIGENT SOLUTIONS HO, people familiar with the matter said on Friday afternoon. Shares rose 13% in extended trading following the report. A deal could be announced as soon as the following week.

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