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Stock Market & Financial Investment News

News Breaks
May 14, 2014
07:01 EDTGRMNGarmin agrees to acquire assets of Fusion Electronics
Garmin announced that it has entered into an agreement to acquire substantially all of the assets of Fusion Electronics Limited and its subsidiaries. Fusion is a privately-held provider of integrated marine audio equipment, headquartered in Auckland, New Zealand. The completion of the acquisition, which is subject to customary conditions, is expected to occur on June 30. Financial terms of the acquisition will not be released.
News For GRMN From The Last 14 Days
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May 21, 2015
09:02 EDTGRMNMio announces strategic relationship with Garmin International
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May 15, 2015
06:27 EDTGRMNCiti calls Garmin risk/reward unattractive, reiterates Sell
Citigroup says that around $46, shares of Garmin are unattractive on a risk/reward basis. In a bear case scenario, Citi believes the stock is worth $32. In a bull case, the firm thinks the shares are worth $52. It reiterates a Sell rating on Garmin with a $42 price target.

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