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Fly News Breaks for January 22, 2019
LXFT, DXC
Jan 22, 2019 | 08:22 EDT
As previously reported, Berenberg analyst Georgios Kertsos downgraded Luxoft (LXFT) to Hold from Buy, stating that DXC Technology's (DXC) deal to acquire Luxoft for $59 per share confirms his long-held bull view. He believes the deal complements DXC's IT capabilities and thinks the risk that the deal fails is low, Kertsos tells investors.
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