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Fly News Breaks for April 26, 2018
NICE, MATR
Apr 26, 2018 | 09:07 EDT
While investors may be disappointed at the takeout price paid by Nice Systems (NICE) for Mattersight (MATR), the price is fair, Lake Street analyst Eric Martinuzzi tells investors in a research note. Mattersight is in the process of unwinding a multi-year relationship with UHC, its largest customer, and has over $20M of debt and capital lease obligations, the analyst adds. He does not expect a superior takeover offer and keeps a Hold rating on Mattersight.
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