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Fly News Breaks for April 10, 2018
PAY
Apr 10, 2018 | 06:08 EDT
Piper Jaffray analyst Jason Deleeuw believes the go-private transaction led by Francisco Partners is a good deal for Verifone given the "volatility inherent in its hardware sales business." The analyst believes there is a high likelihood the deal is approved at the $23.04 per share price. He thinks it is unlikely other bidders emerge given the high take-out premium. Deleeuw raised his price target for Verifone shares to $23.04 from $20 and keeps a Neutral rating on the name.
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