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Fly News Breaks for July 14, 2016
CERN, IMPR
Jul 14, 2016 | 07:46 EDT
Leerink analyst David Larsen downgraded Imprivata (IMPR) to Market Perform from Outperform and raised his price target on the stock to $19.25 from $17 after the company announced that it has entered into a definitive agreement to be acquired by an affiliate of Thoma Bravo for $19.25 in cash per share. While the analyst believes Cerner (CERN) could have been a good fit, he does not expect the company to make a competing offer.
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