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Persistent Systems stock crashes 10%, top midcap loser today; brokerages find Nagarro acquisition expensive

CJPN24 AI Desk•••2 min read
Persistent Systems stock crashes 10%, top midcap loser today; brokerages find Nagarro acquisition expensive
Persistent Systems stock crashes 10%, top midcap loser today; brokerages find Nagarro acquisition expensive
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Key Points

  • Persistent Systems shares tumbled nearly 10 percent on June 29 after the IT services company announced plans to acquire German digital engineering firm Nagarro SE in a Euro 1.4 billion deal.
  • Brokerages offered sharply divergent views on the transacti...

Persistent Systems shares tumbled nearly 10 percent on June 29 after the IT services company announced plans to acquire German digital engineering firm Nagarro SE in a Euro 1.4 billion deal.

Brokerages offered sharply divergent views on the transacti...

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Source: Moneycontrol.com

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