Yesterday, 8:34 AM
- Elbit Systems (NASDAQ:ESLT) agrees to acquire Nice Systems' (NASDAQ:NICE) cyber and intelligence division for as much as $158M as it seeks to boost its presence in a fast-growing market.
- ESLT, Israel's largest listed defense company, will pay $117.9M in cash at the deal's close, expected in Q3, with an additional amount of up to $40M to be paid based upon the business' future performance.
- Nice says the sale will allow it to place greater focus on its core markets.
Jan. 14, 2013, 8:19 AMAudio- and video-monitoring company Nice Systems (NICE +7.4%) is reportedly in talks to acquire rival Verint (VRNT +10.9%) for $1.5B in cash and stock in a deal that would represent a 19% premium on the latter's market cap of $1.26B. Nice would use its $422M cash reserves to help pay for the transaction, which would boost its presence in the defense sector - 75% of the the firm's sales are to the civilian sector. | 1 Comment
Dec. 2, 2011, 7:45 AM
NICE vs. ETF Alternatives
NICE-Systems Ltd provides software solutions that enable operationalizebigdata and realize the business value. The Company operates in three business segments: Customer Interactions business, Financial Crime & Compliance business, Security business.
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