Magic Software Shareholders Approve Merger at Extraordinary General Meeting
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Magic Software Enterprises Ltd. held an Extraordinary General Meeting on December 10, 2025, where shareholders approved all resolutions related to a merger agreement, including the issuance of Matrix Ordinary Shares. The merger is expected to close in Q1 2026, pending certain conditions, and will enhance Magic Software's market position. Analysts rate MGIC stock as a Buy with a $28.00 price target. TipRanks’ AI Analyst, Spark, rates MGIC as Outperform due to strong financial performance and positive earnings call.
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