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Fly News Breaks for April 10, 2018
PAY
Apr 10, 2018 | 09:25 EDT
Craig-Hallum analyst Brad Berning downgraded Verifone to Hold from Buy after the company announced its intention to be acquired by an investment group led by Francisco Partners for $3.4B or $23.04 a share. The analyst also lowered his price target on the shares to $23.04 from $24 given he believes a higher bid is unlikely.
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