OSI Systems, Inc. stock price

OSI Systems, Inc. latest news:

  • 10/16/2017 15:01:12

    BRIEF-Mitek Systems acquires ICAR

    Mitek Systems Inc(MITK). * Mitek(MITK) acquires ICAR, strengthening its position as a global leader in digital identity verification. * Mitek Systems Inc (MITK) - deal for ‍up to Eur 12.75 million​. * Mitek Systems Inc (MITK) - has acquired ICAR for purchase price paid in a combination of cash and shares of Mitek (MITK) common stock​ Source text for Eikon: Further company coverage:

  • 09/20/2017 12:02:00

    Why the Bankruptcy Code is turning into a double-edged sword for banks

    Are banks getting boxed in after introduction of the Bankruptcy Code? The signs are pointing that way. Not only are they looking at prospects of steep haircuts (write-offs) on their loans; the Code would mean banks losing their business to the bond market. The Code is also upsetting the traditional rules of the games, where banks sold the personal guarantor's assets if a company was in default. This Monday, the Chennai bench of the National Company Law Tribunal (NCLT) ruled against State Bank of India (SBI) trying to do so. The case in question is between Veesons Energy Systems and SBI, in which the bench ruled in favour of the former's promoter and managing director, V Ramakrishnan, who gave personal guarantees to banks. SBI notified Veesons and Ramakrishnan on November 12 last year that the personal assets would be sold off. The company challenged it, stating it had applied to the Board for Industrial and Financial Reconstruction and till its application was decided, dues could not .

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