5 Investors Betting Big on Exela Technologies (XELA) Stock Source: Sittipong Phokawattana|Shutterstock Exela Technologies (NASDAQ: XELA ) has been in full focus since receiving an acquisition offer for one of its business units last week. The company specializes in transaction processing and other business solutions. Now, shares of XELA stock are up more than 60% in the past five trading days. The preliminary, non-binding offer was for an unspecified business unit of Exela that generates $200 million in revenue. In addition to this proposal, Exela is in discussions with several other parties concerning acquisitions. In June, the company announced its intent to sell several of its standalone assets. Exela initiated this plan in order to minimize debt, lower interest expenses and maximize shareholder value. Exela says that its board will “carefully review” the offer and consult with financial and legal parties. Meanwhile, the company and board will evaluate other strategic alternatives as well. Today, XELA stock is soaring higher by more than 15%.