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Stock Market & Financial Investment News

News Breaks
November 29, 2012
05:25 EDTSPNSSapiens International anounces 2M share private buyback from Kardan Technologies
Sapiens International announced that it has signed a definitive agreement with one of its shareholders, Kardan Technologies, to buy back from Kardan 2M of Sapiens' common shares, representing approximately 5% of the total issued and outstanding shares of Sapiens. Following consummation of the transaction, the company will have approximately 38.30M common shares outstanding. Under the terms of the definitive agreement, Sapiens will buy back the 2M common shares from Kardan at a price of $3.50 per share, for a total consideration of $7M. The common shares that are bought back will be held as treasury shares.
News For SPNS From The Last 14 Days
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November 18, 2014
10:09 EDTSPNSSapiens management to meet with Needham
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November 12, 2014
05:51 EDTSPNSSapiens sees FY14 revenue at high-end of $154M-$158M, consensus $156.84M
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05:48 EDTSPNSSapiens reports Q3 EPS 8c, consensus 9c
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