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S&P: No change to Roper
Standard & Poor's said Roper Industries Inc.'s recent announcement that it has agreed to acquire Sunquest Information Systems Inc. for approximately $1.4 billion will not affect the ratings or outlook on Roper.
The agency said that Sunquest is aligned with Roper's strategic goal to grow through acquisitions that are high margin and are low capital intensive businesses.
S&P said the rating and outlook reflect its expectation that Roper will manage its growth and acquisition strategies so that adjusted leverage returns to the 2x to 2.5x expectation for the rating.
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