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News Breaks
June 30, 2014
07:01 EDTGRMNGarmin completes acquisition of Fusion Electronics
Garmin announced that it has completed the acquisition of Fusion Electronics and its subsidiaries. Based in Auckland, New Zealand, the new company will be known as Garmin New Zealand, a wholly owned subsidiary of Garmin, and will operate as “Fusion Entertainment.” Substantially, all the Fusion product line will remain available, as will support for the company’s existing products. Fusion Entertainment will continue to support all Fusion-Link partners accordingly. Financial terms of the acquisition will not be released.
News For GRMN From The Last 14 Days
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May 29, 2015
10:37 EDTGRMNGarmin prevails in Silver State patent lawsuit
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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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