Marathon Patent Group and Uniloc Agree to Merge
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Roth Capital Cuts Price Target on Marathon Patent Group (MARA) Following 2Q EPS Miss
August 18, 2015 9:16 AM EDTRoth Capital maintained a Buy rating on Marathon Patent Group (NASDAQ: MARA), and cut the price target to $8.00 (from $9.00), following the company's 2Q15 results. MARA reported an EPS loss of ($0.32) per share compared to ($0.14) consensus, and $1.4 million in revenue.
Analyst William Gibson commented,... More
Marathon Patent Group (MARA), Uniloc Luxembourg Enter Merger Agreement
August 17, 2015 6:54 AM EDTMarathon Patent Group (NASDAQ: MARA) and Uniloc Luxembourg SA announced today that they have entered into a definitive agreement, under which the companies will be combined in an all-stock merger of equals intended to qualify as a tax-free reorganization. The new company will be called Marathon Group SA.
The new company's combined assets under management will be balanced between patents purchased from third parties and patents internally developed. Marathon Group will begin with a current portfolio of 662 patent assets. These patented ideas cover products and methods in the automotive, medical device, software, identity management, device... More
