Concur Said to Explore Sale to Software Makers Including SAP
2014-09-02 20:06:54.343 GMT
By Beth Mellor
Sept. 2 (Bloomberg) -- Concur Technologies has explored a
sale and approached companies including SAP to gauge their
interest, people with knowledge of matter told Bloomberg’s Alex
Sherman, Aaron Ricadela and Matthew Campbell.
* Concur is working with an investment bank on the sale and
also approached Oracle, said the people; ORCL decided not to
pursue a transaction, one person said
* CNQR gains 13% post-market
* Concur spokeswoman didn’t immediately reply to messages
seeking comment; representatives for Oracle, SAP declined to
comment
* NOTE: In June, Oracle said it would pay ~$4.6b to acquire
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Link to Company News:{CNQR US <Equity> CN <GO>}
Link to Company News:{ORCL US <Equity> CN <GO>}
Link to Company News:{SAP GR <Equity> CN <GO>}
For Related News and Information:
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First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Beth Mellor at +1-212-617-3078 or
bmellor@bloomberg.net
2014-09-02 20:06:54.343 GMT
By Beth Mellor
Sept. 2 (Bloomberg) -- Concur Technologies has explored a
sale and approached companies including SAP to gauge their
interest, people with knowledge of matter told Bloomberg’s Alex
Sherman, Aaron Ricadela and Matthew Campbell.
* Concur is working with an investment bank on the sale and
also approached Oracle, said the people; ORCL decided not to
pursue a transaction, one person said
* CNQR gains 13% post-market
* Concur spokeswoman didn’t immediately reply to messages
seeking comment; representatives for Oracle, SAP declined to
comment
* NOTE: In June, Oracle said it would pay ~$4.6b to acquire
hotel and restaurant software maker Micros Systems: {NSN
N7MF146TTDSM <GO>}
* Story: {NSN NBAIDS6S972E <GO>}
Link to Company News:{CNQR US <Equity> CN <GO>}
Link to Company News:{ORCL US <Equity> CN <GO>}
Link to Company News:{SAP GR <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Beth Mellor at +1-212-617-3078 or
bmellor@bloomberg.net