Exclusive-Israeli insurance software maker Sapiens explores sale, sources say [Yahoo! Finance]
Formula Systems (1985) Ltd. - American Depositary Shares (FORTY)
US:NASDAQ Investor Relations:
formulasystems.com/investors-relations
Company Research
Source: Yahoo! Finance
exploring options that include a potential sale, according to people familiar with the matter. Sapiens is working with investment bank William Blair to gauge interest from potential buyers that could include private equity firms, the sources said. Sapiens started exploring a sale after attracting takeover interest last summer and put its plans on hold after the conflict between Israel and Hamas rocked the region, one of the sources said. Sapiens revived its efforts to sell itself a few weeks ago, according to the sources. The sources cautioned that no deal is certain and requested anonymity because the matter is confidential. Sapiens and William Blair did not respond to requests for comment. Sapiens, which is in Tel Aviv and New York, provides software to insurers that specialize in areas such as property & casualty insurance, workers' compensation, and life insurance. It has more than 5000 employees, with operations in over 30 countries and a customer base of more than 600,
Show less
Read more
Impact Snapshot
Event Time:
FORTY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FORTY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FORTY alerts
High impacting Formula Systems (1985) Ltd. - American Depositary Shares news events
Weekly update
A roundup of the hottest topics
FORTY
Sec Filings
- 5/6/24 - Form SC
- 4/29/24 - Form NT
- 4/4/24 - Form 6-K
- FORTY's page on the SEC website