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Fly News Breaks for July 7, 2016
AVG
Jul 7, 2016 | 13:38 EDT
JPMorgan analyst Sterling Auty says uncertainties in AVG Technologies' business makes a higher takeover bid unlikely. The discount Avast paid for AVG relative to peers is justified given the company's "shrinking search business and challenges in expanding the mobile and SMB segment," Auty tells investors in a research note. He keeps a Neutral rating on AVG.
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