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Elbit To Acquire NICE Systems’ Cyber And Intelligence Business

Rich Abott By
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Elbit Systems [ESLT] on May 21 said it has agreed to acquire the Cyber and Intelligence Division of NICE Systems [NICE] for up to $157.9 million in cash in a deal that expands its cyber business.The transaction, which includes a potential $40 million earn-out provision as part of the overall cash payment, is expected to close early in the third quarter. Both companies are based in Israel and a spokesman for NICE told sister publication Defense Daily the deal was…

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