Nomura Securities Downgrades Apigee (APIC) to Neutral Following Takeover
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Nomura Securities downgraded Apigee (NASDAQ: APIC) from Buy to Neutral with a price target of $17.40 (from $18.00) after , Google announced a definitive agreement to acquire Apigee for $17.40 per share, or approximately $625mn in cash.
Shares of Apigee closed at $17.41 yesterday.
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