Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Aconex Ltd    ACX   AU000000ACX1

ACONEX LTD (ACX)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Oracle Corp to buy Australia's Aconex for $1.19 billion

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/18/2017 | 02:07am CET
A sign marks a building housing Oracle offices in Burlington

Australia's Aconex Ltd (>> Aconex Ltd) said on Monday it had received a A$1.56 billion ($1.2 billion), or A$7.80 in cash-per-share, buyout offer from U.S. software major Oracle Corp (>> Oracle Corporation), sending the target's share price up 45 percent.

Australia's Aconex Ltd (>> Aconex Ltd) said on Monday it had received a A$1.56 billion ($1.2 billion), or A$7.80 in cash-per-share, buyout offer from U.S. software major Oracle Corp (>> Oracle Corporation), sending the target's share price up 45 percent.

Aconex said in a statement its directors unanimously recommended the offer, with shareholders of the cloud-based project management company scheduled to vote on the bid at a scheme meeting in March next year.

The Australian company specializes in web-based project management software that allows input from different teams. Its technology has been used on global projects including the Panama Canal extension.

"Oracle's offer of A$7.80 per share represents a significant premium and a high degree of certainty of value to shareholders through the cash offer and limited conditionality," Aconex Chairman Adam Lewis said in a statement.

Aconex founders Leigh Jasper and Rob Phillpot, who both have holdings of just over 5 percent, declined interview requests on Monday.

The company has experienced massive share price fluctuations since listing in 2014 at A$1.90, and peaking at just above A$8.50 last year.

The share price rose 45 percent immediately after trading resumed on Monday to just below the A$7.80 cash-per-share offer.

Aconex, which focuses on construction projects, said it would be liable to pay Oracle about 1 percent of the deal's equity value as a break-up fee under certain conditions which it did not specify.

Oracle said in a statement that the transaction was expected to close in the first half of 2018.

The proposed transaction was one of two major U.S.-Australian technology deals unveiled on Monday, with Australian data centre provider Metronode receiving a A$1.04 billion ($791.2 million) bid from U.S. company Equinix Inc (>> Equinix Inc).

($1 = 1.3074 Australian dollars)

(Reporting by Jonathan Barrett in SYDNEY. Additional reporting by Aaron Saldanha in Bengaluru, Editing by Stephen Coates)

By Jonathan Barrett

Stocks treated in this article : Oracle Corporation, Aconex Ltd, Equinix Inc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ACONEX LTD
01/15 ACONEX : Construction technology is a long-term reality in the Middle East
01/14 ACONEX : Construction technology is a long-term reality in the Middle East
01/03 ACONEX : Acquisition Could Boost Oracles Position in Construction Sector
2017 ACONEX : Company Profile for Aconex
2017 ACONEX : Oracle to buy construction collaboration software maker Aconex for $1.2..
2017 ORACLE : Buys Aconex; Creates the World's Most Comprehensive Cloud Offering for ..
2017 ACONEX : Oracle seals Aconex deal for $1.2 billion
2017 Oracle Corp to buy Australia's Aconex for $1.19 billion
2017 Oracle Corp to buy Australia's Aconex for $1.19 billion
2017 ACONEX : Oracle To Buy Aconex In US$1.2 Bln Deal
More news
News from SeekingAlpha
2017 Oracle pays $1.2B for construction team management company
2016 The Attraction Of Compounders (Part 2)
2016 Thoughts On Moats
Financials ( AUD)
Sales 2018 188 M
EBIT 2018 6,69 M
Net income 2018 7,62 M
Finance 2018 27,6 M
Yield 2018 -
P/E ratio 2018 236,62
P/E ratio 2019 130,34
EV / Sales 2018 8,06x
EV / Sales 2019 6,81x
Capitalization 1 543 M
Chart ACONEX LTD
Duration : Period :
Aconex Ltd Technical Analysis Chart | ACX | AU000000ACX1 | 4-Traders
Technical analysis trends ACONEX LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 7,39  AUD
Spread / Average Target -3,9%
EPS Revisions
Managers
NameTitle
Leigh Matthew Jasper Chief Executive Officer & Executive Director
Adam Lewis Independent Non-Executive Chairman
Paul Perrett Chief Operating Officer
Paul Koppelman Chief Financial Officer
Tim Olshansky Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
ACONEX LTD0.26%1 233
ORACLE CORPORATION6.24%211 095
SAP-2.43%138 558
INTUIT4.13%42 883
SERVICENOW INC7.98%24 287
CONSTELLATION SOFTWARE INC.3.22%13 378