Persistent Systems stock crashes 8%, top midcap loser today; brokerages find Nagarro acquisition expensive
Persistent Systems shares crashed on June 29 after the IT services company announced its planned acquisition of Germany's Nagarro SE, with brokerages divided over the deal despite its strategic rationale and expected earnings accretion.
Persistent Systems shares crashed on June 29 after the IT services company announced its planned acquisition of Germany's Nagarro SE, with brokerages divided over the deal despite its strategic rationale and expected earnings accretion.
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