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Fly News Breaks for July 1, 2019
SSNC
Jul 1, 2019 | 17:21 EDT
Jefferies analyst Surinder Thind maintained a Hold rating and $64 price target on SS&C, noting that SS&C announced it is in discussions to acquire GBST,for around $155M in cash. While the analyst said the deal would likely be accretive, he did not believe it would "move the needle," creating "only a modest positive impact on earnings and a modest negative impact, if any, to the trajectory for de-leveraging."