Needham & Company Maintains a 'Hold' on Radient Systems (RADS); Acquired By NCR Validating Market Presence And SaaS Growth

Needham & Company maintains a 'Hold' on Radient Systems (NASDAQ: RADS).

Needham analyst says, "Last night, RADS entered into a definitive agreement to be acquired by NCR in an all cash transaction. While we are surprised that Radiant chose to sell at this time, we are not surprised NCR (NYSE: NCR) would see value in the company. We have always held RADS in high regard and believe it will make an excellent addition to NCR’s suite of products and services. We believe the 31% premium over yesterday’s closing price is significant and will likely go uncontested. Regulatory hurdles unlikely as industry remains highly fragmented."

For more ratings news on Radient Systems click here and for the rating history of Radient Systems click here.

Shares of Radient Systems closed at $21.45 yesterday.

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