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Fly News Breaks for October 6, 2017
GIMO
Oct 6, 2017 | 14:44 EDT
As previously reported, JMP Securities analyst Erik Suppiger downgraded Gigamon to Market Perform from Outperform, stating that the report that Elliot Management's takeover talks have stalled over price disagreements suggests that no other bidders are likely to make an offer. Given Elliot's Evergreen "may want to establish credibility as an acquisition fund," Suppiger assumes a likely take-out price is in the range of $40-$43 per share.
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