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BRIEF: NICE in talks to buy Verint at $1.5b value
Jan 14, 2013 (Globes - McClatchy-Tribune Information Services via COMTEX) --
NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) is in talks to acquire its main rival, Israel's Verint Systems Inc. (Nasdaq: VRNT), according to market sources.
NICE will reportedly acquire Verint at a company value of $1.5 billion, a 19 percent premium on its market cap of $1.26 billion. NICE has a market cap of $2.1 billion. If a deal is closed, it will reportedly be for cash and shares, mostly the latter.
Since the two companies together dominate the US market for intelligence collation and analysis systems, including voice, video and text surveillance, the US antitrust regulators will likely have to approve the merger.
___ (c)2013 the Globes (Tel Aviv, Israel) Visit the Globes (Tel Aviv, Israel)
at www.globes.co.il/serveen/globes/nodeview.asp fid=942 Distributed by MCT
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