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Wells Fargo grants Ciber more time to strike deal, pay back loan (Denver Business Journal)

February 02, 2017

IT solutions and staffing provider Ciber Inc. (NYSE: CBR) has a little more time to strike an M&A deal or pay off a Wells Fargo & Co. credit line, but the terms of its extension don’t look easy, the Denver Business Journal reports. The Greenwood Village, Colo.-based company had until Jan. 31 to come up with $25 million for Wells Fargo or close on the sale of some part or all of the business to generate enough money to repay the bank.