Crawford & Company shares rise 3.50% intraday after Koch Equity Development, LLC completed the acquisition of Telcordia Technologies, Inc.

Crawford & Company rose 3.50% intraday. The company's stock price increase may be attributed to the acquisition of Telcordia Technologies, Inc. by Koch Equity Development, LLC for approximately $1 billion. This acquisition could potentially benefit Crawford & Company, as it may lead to increased business opportunities and revenue growth.