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Fly News Breaks for April 16, 2019
EFII
Apr 16, 2019 | 07:49 EDT
As previously reported, Loop Capital analyst Ananda Baruah downgraded Electronics for Imaging to Hold with a price target of $37 after the company agreed to be acquired at that price by Siris Capital. The analyst notes that a "go-shop" period allows for a 45 calendar day window during which Electronics for Imaging may solicit alternative acquisition proposals from third parties, adding that if other bidders got involved, it would "shine a brighter light on the time-value risk-reward potential."
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