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January 11, 2013
13:35 EDTCMVT, VRNTVerint says received favorable ruling from IRS for Comverse merger
Verint Systems (VRNT) says in an 8-K filing that on January 9, it received a favorable private letter ruling from the U.S. Internal Revenue Service with respect to the previously announced merger of Comverse Technology (CMVT) with and into a wholly owned subsidiary of Verint pursuant to the Agreement and Plan of Merger, dated as of August 12, 2012, among Verint, CTI, and Merger Sub. The ruling provides that, based on the information submitted to the IRS and the representations set forth in the letter, the merger will qualify as a tax-free reorganization within the meaning of Section 368(a)(1)(A) of the Internal Revenue Code of 1986.
News For VRNT;CMVT From The Last 14 Days
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November 16, 2015
07:09 EDTVRNTDemand for Verint products likely to increase after attacks, says Oppenheimer
Oppenheimer believes that demand for Verint's small, mid-level and higher end security solutions is likely to increase following the Paris attacks. The firm says that orders for the company's security solutions have risen in the past following major terror attacks in Europe. It notes that Verint generates about 40% of its revenue from its government and cyber security products. Oppenheimer keeps a $65 price target and Outperform rating on the shares.

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