Fly News Breaks for February 24, 2020
Feb 24, 2020 | 08:51 EDT
The unsolicited, nonbinding takeover proposal from Metis Ventures for $23.30 per share in cash "meaningfully undervalues" Xperi's (XPER) growth opportunity, even before the "attractive" TiVo (TIVO) merger is considered, B. Riley FBR analyst Eric Wold tells investors in a research note. The analyst reiterates a Buy rating on Xperi with a standalone price target of $36. The target represents a 55% premium to the proposal from Metis Ventures, Wold points out.
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