Information Provided By: 
Fly News Breaks for May 23, 2016
SAAS, NICE
May 23, 2016 | 07:53 EDT
Oppenheimer analyst Brian Schwartz went to Not Rated on inContact (SAAS) from his previous Outperform following NICE Systems' (NICE) announcement that it intends to acquire inContact for $14 per share or $940M. Schwartz expects the transaction to be completed without any issues and that, until then, inContact's shares will trade more based on the news than on fundamentals. The deal should close in the second half of 2016, the analyst tells investors in a research note.
News For SAAS;NICE From the Last 2 Days
