Genesys said Wednesday it has agreed to acquire Interactive Intelligence Group Inc. in a deal valued at about $1.4 billion. Genesys, an omnichannel software company, said it will pay $60.50 in cash for each share of Interactive Intelligence, a cloud company, equal to a 36% premium over the stock's closing price on July 28, the trading day before media reports that Interactive Intelligence was considering strategic moves. The deal is expected to close by year end. Genesys said it will finance the deal through a combination of cash on hand and debt. Interactive Intelligence shares were halted premarket for the news, but are up 80% in the year so far, while the S&P 500 has gained 6%.
Copyright © 2016 MarketWatch, Inc.