RTTNews | Jul 19, 2021 09:58AM EDT

09:57 Monday, July 19, 2021 (RTTNews.com) - Shares of Five9, Inc. (FIVN) are up more than 4% Monday morning at $184.34.

Sunday, the cloud software provider announced that it has agreed to be bought by Zoom Video Communications, Inc. (ZM) in an all-stock transaction valued about $14.7 billion.

As per the deal, Five9 stockholders will receive 0.5533 Class A shares of Zoom for each Five9 share they own based on the closing price of Zoom share as of July 16. This represents a per share price of $200.28 for Five9.

Upon closing the deal, which is expected in the first half of 2022, Five9 will be an operating unit of Zoom.

FIVN has traded in the range of $107.77- $201.75 in the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3209982/five9-rises-3-on-agreement-to-be-bought-by-zoom-video.aspx)

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