Constant Contact Acquires SinglePlatform And Lowers Outlook
Posted on June 13, 2012 at 18:59 PM EDT
Constant Contact Inc. (Nasdaq: CTCT) paid approximately $65 million in cash to acquire privately held SinglePlatform and lowered its full year guidance as it invests in scaling SinglePlatform. The stock price plunged $2.90 to close at $16.62.
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