Concur should be bought on weakness, says RW Bair Baird believes Concur should be bought on weakness citing solid Q1 results. The firm noted the disappointing guidance but expects a meaningful acceleration of revenues in the second half of 2013. Baird cited solid booking trends, recent aggressive hiring to provide deployment of products, and strong visibility. Shares are Outperform rated with a $75 price target.
Concur shareholders approve acquisition by SAP Concur (CNQR) and SAP (SAP) announced that Concur's shareholders approved SAP's acquisition of Concur at the meeting of Concur's shareholders held today. SAP and Concur anticipate the completion of the transaction on or about December 4, subject to the satisfaction or waiver of closing conditions, including those related to regulatory approval.