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Fly News Breaks for December 10, 2018
APTI
Dec 10, 2018 | 18:13 EDT
Jefferies analyst John DiFucci downgraded Apptio to Hold with a price target of $38 after last month's announcement of an acquisition by Vista Equity Partners and the expiration of the deal's go-shop period yesterday. The analyst notes that all contacted parties declined to pursue an alternative transaction with Apptio and that the valuation for the Vista Equity deal is fair.
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