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Fly News Breaks for March 26, 2019
ULTI
Mar 26, 2019 | 09:28 EDT
Stifel analyst Brad Reback downgraded Ultimate Software to Hold from Buy after the company announced the end of its "go-shop" period, stating that he now thinks the chances of another bidder emerging are "quite low." Reback expects the acquisition by a group led by Hellman & Friedman to close likely by early August.
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