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Fly News Breaks for October 27, 2017
GIMO
Oct 27, 2017 | 07:43 EDT
Needham analyst Alex Henderson downgraded Gigamon to Hold from Buy after the company agreed to be acquired by Elliott's Evergreen Coast Capital at a price of $38.50. He sees the chances of a strategic buyer making an offer are low enough to warrant a downgrade of the stock, he tells investors.
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