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January 14, 2013
07:52 EDTMKTGResponsys adopts severance plan that often precedes acquisition,says JMP Securities
After Responsys reported that it had approved a Change of Control Severance Plan for executives and other employees of the company, JMP Securities reports that the adoption of such a plan preceded an acquisition in five of the six cases it studied. The firm maintains a $12.50 price target and Outperform rating on the stock.
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