Coconut Chicken (CCC) news

Sector Update: Tech Stocks Mixed Pre-Bell Monday

Sector Update: Tech

US Stock Movement: CCC Intelligent surges on October 12th due to GTCR acquisition, Elliott, and insurance SaaS

Market Chatter: GTCR, Elliott Near Deal to Acquire CCC

06:39 PM EDT, 10/09/2026 (MT Newswires) -- GTCR and Elliott Investment Management are in advanced talks to acquire CCC Intelligent Solutions Holdings (CCC), with a deal potentially announced as soon as next week, Bloomberg reported Friday, citing people familiar with the matter. No final agreement has been reached, and talks could still end without a deal. CCC has been exploring strategic options after Elliott built a large stake in the company, while other bidders could also emerge, the report said. GTCR, CCC and Elliott did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BUZZ-CCC Intelligent Solutions stock surges on acquisition rumors

On October 9th, CCC Intelligent Solutions Holdings (CCC.O), a provider of automotive insurance software, saw its stock price rise by 9.5% in after-hours trading to $7.69. According to Bloomberg, GTCR and Elliott Investment Management are in advanced talks to acquire CCC, sources revealed. The report stated that the deal could be announced as soon as next week. However, the parties have not yet reached a final agreement, and details, including the timeline, may change; negotiations could end without a deal. CCC, GTCR, and Elliott have not immediately responded to Reuters’ requests for comment. CCC’s stock price has dropped about 12% so far this year. (For the convenience of non-English speakers, Reuters provides automated translations of its reports in several languages. As automated translations might be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of these texts and disclaims any liability for damages or losses arising from their use.)