Piper Jaffray Upgrades Corel Corporation (CREL) to Buy
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Piper Jaffray upgrades Corel Corporation (Nasdaq: CREL) from Neutral to Buy with an $11 price target, after in-line results, saying they believe the acquisition at $11 likely happens.
On March 28th, the company received an unsolicited proposal from Corel Holdings, L.P., the holder of 69% of Corel's outstanding common shares, to acquire the company at $11 per share.
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