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Stock Market & Financial Investment News

News Breaks
July 15, 2014
09:32 EDTACTG, EFIIFederal court confirms Acacia device profile patent invalid
Electronics For Imaging (EFII) announced another key victory in a patent troll case filed against the company. Last week, the U.S. Court of Appeals for the Federal Circuit confirmed that a device profile patent asserted by a subsidiary of the non-practicing entity Acacia Research (ACTG) against EFI and 31 other companies is invalid. Acacia subsidiary Digitech Image Technologies, LLC filed a patent infringement suit in a California federal court in August 2012 against EFI, certain EFI strategic partners and others. In August 2013, the district court invalidated the patent and entered judgment in favor of EFI and the other defendants.
News For EFII;ACTG From The Last 14 Days
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July 2, 2015
07:13 EDTEFIIBrean Capital continues to 'love' the set-up of Electronics for Imaging
Brean Capital said they continue to love the set-up of Electronics for Imaging, believing the company has a good chance to deliver better than expected earnings as it executes its acquisition strategy. Brean Capital reiterated its Buy rating and $60 price target on Electronics for Imaging shares.
06:00 EDTACTGAcacia Research enters into settlement, patent agreement with Castle Street
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July 1, 2015
16:09 EDTEFIIElectronics for Imaging acquires Matan Digital Printers for approximately $29M
Electronics For Imaging has acquired privately-held Matan Digital Printers, an award-winning provider of innovative technologies for superwide-format display graphics and other industrial printing applications. Matan's work force of approximately 70 employees has joined EFI, giving EFI a significant presence in Israel, a center for innovation in the printing industry. Yosefi has joined EFI as vice president and general manager, EFI Inkjet Israel. EFI's acquisition was an all-cash transaction in which EFI paid the shareholders of Matan approximately $29M to acquire all of Matan's outstanding shares. Under the purchase agreement, EFI also assumed approximately $5M of Matan's debt, and deposited $14M into escrow to serve as security for EFI's benefit for the indemnification obligations of the Matan shareholders. Subject to EFI's claims against the escrow, portions of the escrow may be released to the sellers in 2017 and 2022. The transaction is expected to be slightly accretive to FY 2015 earnings. The company will provide selected financial information about its anticipated Q3 results including the impact of this transaction during its regular Q2 earnings call scheduled for July 21.
June 30, 2015
15:04 EDTACTGAcacia Research resolves litigation with W.L. Gore & Associates
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06:04 EDTACTGAcacia Research enters into limited settlement with ZTE Corporation
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June 29, 2015
06:02 EDTACTGAcacia Research enter into settlement, patent license agreement with Kyocera
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06:00 EDTACTGAcacia Research enter into settlement, patent license agreement with BMW
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June 23, 2015
09:45 EDTEFIIElectronics for Imaging initiated with a Buy at Longbow
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June 22, 2015
06:12 EDTACTGAcacia Research subsidiaries enter into agreement with Mercedez-Benz
In a regulatory filing, Acacia Research disclosed that its subsidiaries Innovative Display Technologies and Delaware Display Group entered into a settlement and license agreement with Mercedes-Benz U.S. International, Inc. and Mercedes-Benz USA, LLC. This agreement resolves patent litigation, Civil Action No. 2:14-cv-00535, pending in the United States District Court for the Eastern District of Texas.

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