Autodesk stock falls as $3.6B MaintainX deal worries investors

Shares of Autodesk ADSK fell sharply on Friday despite the company reporting stronger-than-expected quarterly earnings, as investors reacted cautiously to its planned $3.6 billion acquisition of maintenance software company MaintainX. Autodesk stock dropped about 4% in trading to around $230 after the company announced the all-cash acquisition, its largest deal to date.
Open original source