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News Breaks | | | | January 14, 2013 | | 09:53 EDT |  | VRNT, NICE | Verint, Nice systems trade higher following deal rumors
Verint Systems (VRNT) is up $2.32, or 7.37%, to $33.82 in early-morning trading after Israeli financial site "Globes" reported that Nice Systems (NICE), which provides civil defense monitoring systems, is in talks to buy its rival for $1.5B. The publication said that if a deal closes it will be for cash and stock. Nice's offer would represent a 19% premium on its market cap of $1.26B, Globes added. Following the report, Oppenheimer noted that Verint will become an independent company by February 4. The research firm thinks the merger would be beneficial to both companies and would be applauded by investors. A spokesperson for Nice commented that "There has always been speculation on the issue but Nice does not comment on rumors or speculation," Reuters reported. Shares of Nice are $2.33 higher, or 6.69%, to $36.98. | |
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News For VRNT;NICE From The Last 14 Days Check below for free stories on VRNT;NICE the last two weeks. |
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| June 13, 2013 | | 11:46 EDT |  | NICE | NICE Systems management to meet with JMP Securities
 Subscribe for More Information | | | June 4, 2013 | | 12:15 EDT | | NICE | NICE Systems management to meet with Oppenheimer
Subscribe for More Information | | | 07:56 EDT |  | VRNT | Verint Systems still has positive catalysts, says Oppenheimer
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