Cerner corporation (nasdaqgs:cern) entered into a definitive agreement to acquire ablevets llc for approximately $75 million.

Cerner corporation (nasdaqgs:cern) entered into a definitive agreement to acquire ablevets llc for approximately $75 million on october 17, 2019. consideration for the transaction is subject to working capital and certain other adjustments and will be paid in cash. after closing ablevets would become as a wholly-owned subsidiary of cerner corporation. ablevets brings 350 professionals, many of whom are veterans, specialized in cybersecurity, agile engineering, analytics and technology enablement to cerner. ablevets team will join cerner corporation as a result of the transaction. the transaction is subject to satisfaction of customary closing conditions. the transaction is excepted to close in the fourth quarter of 2019.
CERN Ratings Summary
CERN Quant Ranking