Feeds

CHS shares fall on fear of Vobis deal collapse

Never failed to complete deal yet, the company says

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

CHS shares tumbled 24 per cent on Wednesday, following fears that its would fail to complete its proposed acquisition of Vobis, the German assembler/retailer. Computer Reseller News US cites "reports in the German press" which reveal that Vobis owner Metro AG, is considering selling off Vobis subsidiary MaxData through an IPO. Claudio Osorio, CHS chairman and CEO, last month reportedly told analysts and investors last month that the company would close the Vobis deal by the end of September. with the deal still not completed, US analysts are questioning CHS's ability to raise the necessary capital. Jeff Matthews, general partner at RAM Partners LP, a US investment firm, described CHS as "one big acquisition machine. If the acquisitions stop, the train goes off the track," he told CRN. A CHS European official declined to commment on the CRN story, while pointing out that the company had "never failed to complete an acquisition yet". CHS shares closed Wednesday (October 7) at $6,compared with a 52-week high last October of $30.75. In August, CHS moved stock exchanges from NASDAQ to the NYSE, in search of a more favourable share rating.® Click for more stories

Internet Security Threat Report 2014

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.