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Interactive Intelligence (ININ) Stock Pops on $1.4 Billion Genesys Deal

NEW YORK (TheStreet) -- Shares of Interactive Intelligence (ININ) were jumping 5.58% to $59.83 on heavy trading volume mid-Wednesday morning after the Indianapolis-based cloud services company announced it had entered into a definitive agreement to merge with privately-owned Genesys.

Genesys, a San Francisco-based customer experience platform company, will acquire Interactive Intelligence for about $1.4 billion, according to a company statement.

Interactive shareholders will receive $60.50 per share in cash in the deal.

The merger will...