M&A update: SAP purchases BOBJ for $6.8 billion; ICE buyout chatter continues
Posted Oct 8th 2007 9:16AM by Paul Foster (RSS feed)
Filed under: Deals, Management, Rumors, Financials and analyticals, Engagements, Investments
Intercontinental Exchange(NYSE:ICE) closed at $157.76. ICE has been frequently mentioned as a potential consolidation candidate over the last 16-months. On 10/2/07 ICE reported September 2007 contract volume rose 33.7% compared to September 2006. ICE is expected to report EPS in October. ICE over all option implied volatility of 44 is below its 26-week average of 48 according to Track Data, suggesting decreasing price movement.
SAP AG(NYSE:SAP), a German software company, announced its $6.8 billion takeover of Business Objects(NYSE:BOBJ), a global provider of business intelligence software solutions BOBJ. Cowen says: "1) What other dilutive deals the company is considering further reducing ROIC? 2) Why SAP paid so much (relatively) for a company that announced 3Q earnings shortfall the same day it got bought, and 3) can the company integrate such a large acquisitions?"
Daily M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Tags: big money, BigMoney, bonds, buyout deals, BuyoutDeals, CBOT, CME, commodities, derivatives, dollar, dubia, electronic trading, ElectronicTrading, energy futures, EnergyFutures, Eurex, Euro dollars, EuroDollars, FTC, German software, GermanSoftware, Global futures, GlobalFutures, hedging, intelligence software solutions, IntelligenceSoftwareSolutions, Intercontinental Exchange, IntercontinentalExchange, MSFT, NYBOT, NYMX, NYSE, option implied volatility, OptionImpliedVolatility, options, ORCL, OTC clearing electronics, OTC markets, OtcClearingElectronics, OtcMarkets, SAP AG, SapAg, soft commodities, SoftCommodities, speculation, trading, yen
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