NetScout (NTCT) Higher on Takeover Chatter
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NetScout (Nasdaq: NTCT) is trading stronger early Friday, on reports the company is seeing takeover interest.
According to DealReporter, NetScout said it's seen acquisition interest, but is not "actively" looking to sell.
Potential suitors might include: BMC Software (NYSE: BMC), CA (NYSE: CA), International Business Machines (NYSE: IBM), and Hewlett-Packard (NYSE: HPQ), DealReporter noted. Additionally, NestScout's low stock price might also draw attention of private equity and strategics firms.
NetScout is trading 4.6 percent higher Friday.
According to DealReporter, NetScout said it's seen acquisition interest, but is not "actively" looking to sell.
Potential suitors might include: BMC Software (NYSE: BMC), CA (NYSE: CA), International Business Machines (NYSE: IBM), and Hewlett-Packard (NYSE: HPQ), DealReporter noted. Additionally, NestScout's low stock price might also draw attention of private equity and strategics firms.
NetScout is trading 4.6 percent higher Friday.
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