UPDATE 1 — CCC Intelligent Solutions to go private in $6.1 billion takeover deal
(Adds details) Oct 15 (Reuters) — CCC Intelligent Solutions said on Thursday it had agreed to be acquired by a consortium of private investment firms including GTCR and Elliott Investment Management in a $6.1 billion deal that will take the insurance software provider private. Shareholders will receive $7.75 in cash for each share held, CCC said. CCC provides software that helps auto insurers, repair shops, automakers and parts suppliers manage operations. The deal is expected to close in the first quarter of 2027, after which CCC will become a privately held company. The company is set to report third-quarter results on October 29. (Reporting by Utkarsh Shetti in Bengaluru; Editing by Sriraj Kalluvila) ((UtkarshUmesh.Shetti@thomsonreuters.com;)