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Coforge’s $220-m Cigniti acquisition biggest, but not disproportionately bigger: CEO Sudhir Singh
Coforge chief executive Sudhi Singh on Friday said it will shell out $220 million, or about Rs 1,826 crore, to acquire 54% stake in Hyderabad-based Cigniti Technologies even as the Noida-based IT firm launched an open offer to acquire an additional 26% stake in Cigniti.Coforge had on Thursday said it is acquiring 54% share in Cigniti from promoters and other shareholders at Rs 1,415 per share.The acquisition process is expected to be completed by the second quarter of FY25, Singh told ET in an...
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San Antonio man tied to 'incel' ideology gets 5 years in prison for online threat
A San Antonio man with reported links to the extremist "incel" movement was sentenced to five years in federal prison Thursday for making an online threat against people attending a right-wing political convention. Alejandro Richard Velasquez Gomez, 20, warned on social media that he planned to unleash a “day of retribution” against the Student Action Summit held in July 2022 in Tampa, Florida, according to a statement from the U.S. Attorney's Office. The event was sponsored by...
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Pekin Hardy Strauss Inc. Purchases 5,713 Shares of SM Energy (NYSE:SM)
Pekin Hardy Strauss Inc. lifted its position in shares of SM Energy (NYSE:SM – Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,991 shares of the energy company’s stock after acquiring an additional 5,713 shares during the […]