Fly News Breaks for November 5, 2018
Nov 5, 2018 | 12:50 EDT
Craig-Hallum analyst Chad Bennett believes Altair's (ALTR) agreement to buy Datawatch (DWCH) for $13.10 per share "makes sense," but he also thinks the announcement will be "a surprise to other potential suitors" and views the price being paid as "modest at best." Given all of that, he sees a "higher than normal" potential that other bidders could appear, especially in light of the modest $6M termination fee associated with the deal. Bennett keeps a Buy rating and $20 price target on Datawatch shares.
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