Magic Software and Matrix I.T sign MOU to Consider Merger
Magic Software Enterprises Ltd. - Ordinary Shares (MGIC)
Last magic software enterprises ltd. - ordinary shares earnings: 3/9 07:18 am
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Source: GlobeNewswire
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA OR IN ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. Or Yehuda, Israel, March 10, 2025 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today that it signed an Memorandum of Understanding (“MOU“) with respect to a proposed merger with Matrix I.T Ltd. (TASE: MTRX). Magic is pleased to announce that on March 10, 2025, it entered into an MOU with Matrix I.T Ltd., a leading public Israeli IT services company whose shares are traded on the Tel Aviv Stock Exchange Ltd. (“Matrix“ and together with Magic, the “Companies“). According to the provisions of the MOU, Magic and Matrix agreed to negotiate a definitive agreement regarding a merger, under which Matrix will acquire the entire share capital of Magic on a fully diluted basis, by way of
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MGIC
News
- Magic Software Enterprises (NASDAQ:MGIC) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Magic Software Enterprises (NASDAQ:MGIC) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Magic Software Reports Third quarter 2025 Financial Results with Record-Braking Revenues of $161.7$ million – a 13.1% Year Over Year Increase [Yahoo! Finance]Yahoo! Finance
- Magic Software: Q3 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
- Magic Software Reports Third quarter 2025 Financial Results with Record-Braking Revenues of $161.7$ million – a 13.1% Year Over Year IncreaseGlobeNewswire
MGIC
Earnings
- 11/18/25 - Miss
MGIC
Sec Filings
- 12/11/25 - Form CB/A
- 12/10/25 - Form 6-K
- 12/4/25 - Form CB/A
- MGIC's page on the SEC website