|February 25, 2013|
|16:12 EDT||TRAK||DealerTrack acquires Casey & Casey NPS for $21.2M in cash|
Dealertrack Technologies announced that it has entered into an agreement to acquire Casey & Casey NPS. Total consideration for the transaction is expected to be $21.2M in cash, subject to standard purchase price adjustments.
News For TRAK From The Last 14 Days
|December 18, 2014|
|11:56 EDT||TRAK||DealerTrack acquisition should be positive for shares, says JPMorgan|
JPMorgan believes DealerTrack's acquisition of Incadea PLC will be a positive for the company's growth profile and potential addressable market over a five-year timeframe. The firm expects the company's second "transformational" acquisition in as many years to be positive the stock and reiterates an Overweight rating on DealerTrack.
|07:53 EDT||TRAK||DealerTrack to host conference call|
Conference call to discuss the acquisition of International incadea plc will be held on December 18 at 8:30 am. Webcast Link
|07:10 EDT||TRAK||DealerTrack announces 190p per share offer to acquire incadea plc|
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|December 9, 2014|
|07:41 EDT||TRAK||Barclays to hold a conference|
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 9 at 10:40 am; not all company presentations may be webcasted. Webcast Link
|December 4, 2014|
|14:01 EDT||TRAK||DealerTrack could significantly broaden scope with incadea buy, says Wells Fargo|
After DealerTrack confirmed that it is in talks to acquire incadea, Wells Fargo noted that the German company trades for about 27x 2014 EPS, which is slightly below DealerTrack's valuation. The firm said it believes such a deal would significantly broaden DealerTrack's scope and give it further opportunity to leverage its platform. Wells has an Outperform rating on DealerTrack shares.
|10:48 EDT||TRAK||DealerTrack confirms preliminary discussions with incadea |
Dealertrack confirms the announcement made by incadea that it is in discussion with incadea regarding a possible acquisition with incadea, an international provider of enterprise software solutions and services to the global automotive retail market. The discussions with incadea are preliminary in nature and any offer will be subject to various pre-conditions, including due diligence, and there can be no certainty that an offer will ultimately be forthcoming or on the terms on which any offer might be made for incadea. This announcement does not represent a firm intention to make an offer under Rule 2.7 of the United Kingdom City Code on Takeovers and Mergers. Accordingly, there can be no certainty that any offer will ultimately be made for incadea. A further announcement will be made if and when appropriate.