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Stock Market & Financial Investment News

News Breaks
April 14, 2014
17:12 EDTEFIIElectronics for Imaging acquires Group Rhapso S.A., terms not disclosed
EFI announced that it has acquired Group Rhapso S.A., a printing and packaging software solutions developer based in Les Ulis, France. While financial terms of the acquisition were not disclosed, it is not expected to be material to EFI's Q2 or full-year 2014 results. Rhapso's employees have joined EFI and will be integrated into EFI's European operations. The new acquisition will further strengthen EFI's ERP leadership position in Europe.
News For EFII 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.
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 23, 2015
09:45 EDTEFIIElectronics for Imaging initiated with a Buy at Longbow
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