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Fly News Breaks for September 28, 2015
PGI
Sep 28, 2015 | 07:35 EDT
Stephens downgraded Premiere Global to Equal Weight from Overweight following the announcement of a $14 bid to acquire the company by Siris Capital. The firm thinks other suitors may have an interest in PGI's iMeet platform, but doesn't think others would look to buy the legacy conferencing business and SaaS business, leaving a path for the Siris deal to move forward.
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