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Fly News Breaks for December 1, 2016
CA
Dec 1, 2016 | 13:16 EDT
Jefferies analyst John DiFucci believes Automic is a strategic fit for CA and that the revenue multiple being paid for the acquisition is "very reasonable" given the company's growth, profitability and "high regard within the industry." The analyst, who thinks CA will continue to focus on internal development in addition to opportunistic M&A, keeps a Buy rating on the stock.
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