cnqr – Scalper1

SAP Concur Acquisition Gets No Investor Support

SAP continues to be aggressive in using acquisitions to build its cloud platform. But investors remain skeptical. SAP (SAP) stock was down 4% in morning trading in the stock market today, a day after the enterprise software company said that it plans to acquire Concur Technologies (CNQR), a maker of travel and expense software, for $8.3 billion. The purchase price comes to $129 a share, a 20% premium over Concur’s close on Thursday. Concur stock

Concur Cleans Up In Travel Expenses

Concur Technologies (CNQR) stock jumped Thursday to an all-time high after the company’s earnings and outlook beat expectations, with one analyst saying the company dominates the market for software used to manage employee travel. Shares of the company, whose software also helps manage other employee expenses, was up 19% in afternoon trading in the stock market today, after releasing results late Wednesday for its fiscal Q1 ended Dec. 31. Concur