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KeyBanc Remains Sidelined as VeriFone Systems (PAY) Announces Acquisition by Investors

April 10, 2018 7:44 AM EDT

KeyBanc reiterated a Sector Weight rating on VeriFone Systems (NYSE: PAY) following the company's announced agreement to be acquired by a group of investors, led by Francisco Partners, for $3.4B.

PAY shareholders will receive $23.04 per share of common stock in cash, a... More