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Fly News Breaks for May 15, 2015
CNSI, DOX
May 15, 2015 | 07:13 EDT
After Amdocs (DOX) agreed to buy Comverse's (CNSI) BSS business for $272M in cash, Stifel says the deal should increase Amdocs' combined operating margins by 50 basis points to 100 basis points, leading to accretion of approximately 15c-30c. The firm keeps a $60 price target and Buy rating on Amdocs.
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