Copperleaf Technologies downgraded to Tender from Outperform at National Bank

National Bank downgraded Copperleaf Technologies to Tender from Outperform with a price target of C$12, up from C$9. Copperleaf announced that it entered into a definitive arrangement agreement with Industrial and Financial Systems where IFS will indirectly acquire all of the issued and outstanding common shares of Copperleaf for $12.00 in cash per share.