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Fly News Breaks for December 20, 2019
CRCM
Dec 20, 2019 | 09:28 EDT
Roth Capital analyst Darren Aftahi says the $15 per share IAC (IAC) paid to acquire Care.com (CRCM) "seems fair." The analyst raised his price target for Care.com to $15 from $12 and keeps a Neutral rating on the shares. The deal multiple falls in-line with Aftahi's projected range when the speculation of a sale was first announced.
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