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Fly News Breaks for May 11, 2016
ADBE, MSFT, SAP, MKTO
May 11, 2016 | 09:02 EDT
After Bloomberg reported that Marketo (MKTO) was working with Morgan Stanley on selling itself, JMP Securities believes that SAP (SAP), Microsoft (MSFT), Adobe (ADBE), and private equity firms could be interested in acquiring Marketo. The firm thinks that Marketo could be purchased for $38 per share. It keeps a $30 price target and Outperform rating on the stock.