|Bid||81.50 x 600|
|Ask||0.00 x 13800|
|Day's Range||123.20 - 126.90|
|52 Week Range||78.38 - 132.50|
|PE Ratio (TTM)||22.65|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Buyout groups are preparing final bids for German payments group Concardis, potentially valuing the group at more than 600 million euros ($636 million), people close to the matter said on Monday. Concardis' largest shareholder is Deutsche Bank, with a 16 percent stake, while smaller stakes are held by Commerzbank, Unicredit, as well as savings banks and cooperative banks. Concardis offers card payment terminals as well as payment technology for e-commerce groups and is viewed as a non-core business by many of its owners.
Buyout groups are preparing final bids for German payments group Concardis in a deal potentially valuing the group at more than 600 million euros ($636 million), people close to the matter said on Thursday. CVC, Bridgepoint and a consortium of Advent and Bain are expected to hand in an offer for the group, which is jointly-held by several German banks, by a deadline early next week, the people said, adding that strategic players such as Wirecard have dropped out of the race. Concardis' largest shareholder is Deutsche Bank with a 16 percent stake while smaller stakes are held by Commerzbank, Unicredit as well as savings banks and cooperative banks.
Plugging computer sensors into factories, cars, shops and offices to help them operate more smartly on the industrial Internet, or so-called Internet of Things (IoT), is moving beyond prototypes into the mass market, IBM said on Monday. The computer services and software company, which has struggled with flagging growth in its traditional business in recent years, said its industrial Internet business has surged to 6,000 paying customers from 4,000 at the end of 2015. The IoT, which gives many billions of machine parts the capability to send and receive data, is vital to IBM's turnaround as it has refocused on areas that promise profitable growth such as analytics, security and cloud services.