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Fly News Breaks for December 13, 2017
RPXC
Dec 13, 2017 | 10:31 EDT
Baird analyst Jeffrey Meuler said Patent/IP media source IAM is once again reporting RPX Corp has received a takeout offer from a "private consortium," at a price of $16.25/share. Meuler cannot confirm the speculation but continues to believe shares trade "materially below" intrinsic value, and the article suggests a materially positive catalyst in the near-term. The analyst rates RPX Corp an Outperform with a $15 price target.
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