|Bid||2.82 x 6165200|
|Ask||2.89 x 10657900|
|Day's Range||2.82 - 2.89|
|52 Week Range||2.15 - 3.59|
|PE Ratio (TTM)||-1.93|
|Earnings Date||Sep 4, 2017 - Sep 8, 2017|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Top Monitise shareholder Cavendish Asset Management said on Thursday an offer from U.S. rival Fiserv for the British financial services technology firm was too low, and it would vote against the deal. Financial technology provider Fiserv said this week it had agreed to buy Monitise for 70 million pounds ($89.35 million). Cavendish is the biggest investor in Monetise with a 4.84 percent stake, according to Thomson Reuters data.
Wisconsin financial technology company Fiserv Inc. said it has reached an agreement to acquire British firm Monitise, a provider of mobile banking and payments-focused products. Brookfield-based Fiserv (FISV) said Tuesday it will buy the London-based company for 70 million pounds, or approximately $89 million, with the acquisition likely closing in the third fiscal quarter of 2017. Monitise posted pre-tax losses of 243.1 million pounds for the 2016 fiscal year, and according to Reuters , was worth 2 billion pounds at its peak in 2014.
AIM-listed Monetise, worth about 2 billion pounds at its peak in early 2014, blazed a trail by linking banks and mobile operators to build a business capable of handling billions of dollars in mobile payments, purchases and money transfers. In 2015, Monitise put itself up for sale, blaming changes in its business model for a string of revenue warnings, but failed to find a buyer. Tuesday's offer of 2.9 pence in cash per Monitise share, represents a premium of 26 percent to the share's close of 2.30 pence on Monday.