Verint Systems (VRNT) tops Q3 EPS by 9c, to separate into two independent public companies

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Go back to Verint Systems (VRNT) tops Q3 EPS by 9c, to separate into two independent public companies

Verint Announces Plan to Separate into Two Independent Publicly Traded Companies

December 4, 2019 4:05 PM EST

Also Announces $200 Million Minority Investment by Funds Advised by Apax Partners in Support of Verints Separation Plan; Additional $200 Million to Be Invested Post Separation

New $300 Million Share Buyback Program Over Period Through Closing of Separation

MELVILLE, N.Y.--(BUSINESS WIRE)-- Verint® Systems Inc. (NASDAQ: VRNT), today announced that its Board of Directors has unanimously approved proceeding with a plan to separate Verint into two independent companies: one of which will consist of its customer engagement business, and one of which will consist of its cyber intelligence... More