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Fly News Breaks for November 12, 2019
KEM
Nov 12, 2019 | 15:02 EDT
Stifel analyst Matthew Sheerin downgraded Kemet to Hold from Buy with a price target of $27, up from $26, following the announcement that Taiwan component supplier Yageo has agreed to acquire the company for $27.20 per share. Kemet management has indicated that there was a formal M&A evaluation process that involved other potential suitors, Sheerin noted.
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