Persistent Systems shares slide 7% after $1.14 billion offer to buy Germany's Nagarro

🇮🇳 Economic Times India (IN) —
Persistent Systems shares slide 7% after $1.14 billion offer to buy Germany's Nagarro

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Shares of Persistent Systems dropped by 7% following its announcement of a €1 billion ($1.14 billion) offer to acquire the German digital engineering firm Nagarro. The offer has received board recommendation from Nagarro, signaling a significant cross-border deal in the IT sector.

Persistent Systems shares opened 7% lower on Monday, ‌after ⁠the ⁠IT services firm offered to buy German firm Nagarro for 1 ⁠billion euros ($1.14 ‌billion), according to ⁠Reuters calculations. The German digital engineering firm's board said it intends to recommend the ‌81 euro per share offer to ⁠shareholders. MORE TO COME..

Markets Deals AI & Tech Persistent Systems Nagarro acquisition offer digital engineering stock shares Germany IT sector

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