Bears gave Temenos, the Switzerland-listed banking software company, a good mauling yesterday.
Activist short seller Hindenburg Research, led by Nathan Anderson, unleashed a scathing research note containing a vast list of seriously punchy allegations. For legal reasons those allegations can't be repeated in these pixels but if you want to read them all I have pasted the link below:..
Former FT hack Izabella Kaminska was kind enough to invite little old Betaville back onto her Blind Spot Markets Live show yesterday morning.
It was a bit of gloomy day in the wider market but there were quite a few things to talk about, including a few UNCOOKED rumours. Below is a link to yesterday's transcript in case you missed it:..
Hacks at Bloomberg have dug out a tale about how Temenos is attempting to rekindle talks with private equity firms about a leveraged buy-out. Below is a link to the piece:
Temenos's activist investor is banging the drum again, this time calling for the chief executive and chairman to leave and and a formal "strategic review".
According to Bloomberg, Petrus Advisers has written another letter to the Switzerland-based banking software company arguing Max Chuard, the company's chief executive should be fired and Andreas Andreades, the chairman, needs to resign...
Dealreporter, another Betaville rival, published a story about Swiss banking software company Temenos on Friday, suggesting the company had hired Citigroup and Goldman Sachs to sound out private equity buyers.
Mmmmm ... that tale sounds eerily similar to the one little old Betaville published a couple of months ago. Below is the link to that UNCOOKED Alert:..
Arch rivals at Bloomberg dug out a decent scoop this morning about an activist fund taking a stake in Temenos, the Switzerland-listed banking software company.
According to Bloomberg, Petrus has bought a shareholding of less than 3pc in Temenos and written a scathing letter to the company's chairman, Andreas Andreades, questioning his and his chief executive's ability to turn the company around and arrest the share price decline. Below is the link:..
Swiss title Inside Paradeplatz has got the scoop this morning about the latest twist in the Temenos takeover tale.
According to intrepid Swiss journo Luke Haessig, a sale of the Swiss banking software company is now "round the corner" and the buyer is an "overseas private equity firm".
Haessig's report also claims the Temenos take private deal should be done by the end of October at the latest ahead of the company's third quater results...