SPS Commerce shares rise as reports suggest potential acquisition by GTCR
Shares of SPS Commerce (NASDAQ: SPSC) climbed over 11% following a Bloomberg report indicating that private equity firm GTCR is in talks to acquire the supply chain software company. The deal, if finalized, could be announced within weeks. The potential acquisition has sparked investor interest and driven up stock prices for SPS Commerce, which provides cloud-based solutions for managing retail and distribution operations.
Tickers: $SPSC
Topics: Mergers & Acquisitions Private Equity