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Market Chatter: SPS Commerce in Talks to Be Acquired by GTCR

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SPS Commerce (SPSC) is in talks to be acquired by private equity firm GTCR, Bloomberg reported Friday, citing people familiar with the situation.

A deal could be announced in the coming weeks, though no agreement has been finalized and the discussions may still fall apart or another bidder might emerge, the report said.

SPS and GTCR didn't immediately respond to requests for comment from.

SPS shares rose 5.9% in Friday trading.

(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.)

Price: $81.77, Change: $+4.54, Percent Change: +5.88%

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