Key Developments: PROS Holdings Inc (PRO.N)

PRO.N on New York Stock Exchange

26.54USD
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

NYSE Euronext Announces Details of Pros Holdings Inc's Takeover Bid for Cameleon Software SA
Wednesday, 13 Nov 2013 07:00pm EST 

NYSE Euronext announced that the offer period for Pros Holdings Inc's takeover bid for Cameleon Software SA will run from November 15 to December 19, 2013, inclusive. The offer concerns Cameleon Software SA's shares and stock warrants (BSARs). The maximum number of shares that may be tendered to the offer is 13,469,941, and the maximum number of warrants is 2,522,409. The price of the offer is EUR 2.05 per share and EUR 1.33 per BSAR. If Pros Holdings Inc acquires, at the latest on December 31, 2014, 95% of Cameleon Software SA voting rights on a diluted basis, tendering shareholders may profit from a complementary price of EUR 0.15 per share and EUR 0.15 per BSAR. The success threshold is 65% of the Company's share capital in a diluted basis.  Full Article

Pros Holdings Inc Issues Q4 2013 Guidance; Revenue Guidance Below Analysts' Estimates; Net Income Guidance Above Analysts' Estimates; Issues FY 2013 Revenue Guidance Below Analysts' Estimates
Monday, 4 Nov 2013 04:01pm EST 

Pros Holdings Inc announced that for the fourth quarter of 2013, it anticipates total revenue the range of $38.3 million to $38.9 million, GAAP income from operations of $0.3 million and break even GAAP earnings per share and Non-GAAP income from operations of $5.3 million to $5.9 million and non-GAAP earnings per share (EPS) of $0.12 to $0.14, which excludes estimated non-cash share-based compensation charges of approximately $4.4 million and estimated acquisition-related expenses of approximately $1.3 million. For fiscal 2013, the Company anticipates total revenue in the range of $144.3 million and $144.9 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $39.4 million, net income of $4.1 million and EPS of $0.14 for the fourth quarter of 2013; and revenue of $145.2 million for fiscal 2013.  Full Article

Pros Holdings Inc Announces Plans to Acquire Cameleon Software SA
Thursday, 24 Oct 2013 06:07am EDT 

Pros Holdings Inc (PROS) and Cameleon Software SA (Cameleon) announced PROS has entered into a definitive tender offer agreement to acquire Cameleon in an all-cash transaction valued at approximately EUR 24 million (USD 33 million), net of cash acquired. The transaction has been approved by the Boards of Directors of both PROS and Cameleon, respectively on October 22 and 24, 2013. Under the terms of the agreement, PROS will commence the proposed tender offer to acquire all the outstanding shares of Cameleon. Key terms of the agreement include the following: PROS offer of EUR 2.05 per share represents a 45% premium on Cameleon's trailing 90-day average common stock price as of October 23, 2013; PROS offer includes an additional EUR 0.15 per share cash premium to the shareholders tendering their shares and warrants if PROS succeeds in holding 95% of Cameleon's diluted voting rights by December 31, 2014, which would result in a price of EUR 2.20 per share, representing a 55% premium on Cameleon`s trailing 90-day average common stock price as of October 23, 2013; Cameleon's four main management shareholders together with IRDI and SOPROMEC, Cameleon`s two main independent shareholders, representing in aggregate 26% of the diluted share capital of Cameleon, have agreed to tender their shares to PROS, subject to regulatory approvals and other customary conditions.  Full Article

Pros Holdings Inc Issues Q3 2013 Revenue And EPS Guidance Below Analysts' Estimates; Issues Net Income Guidance Above Analysts' Estimates
Thursday, 1 Aug 2013 04:01pm EDT 

Pros Holdings Inc announced that for third quarter of 2013, it expects total revenue in the range of $36.2-$36.8 million, GAAP income from operations of $0.5 million and GAAP earnings per share of $0.01. Non-GAAP income from operations in the range of $4.2-$4.8 million and non-GAAP earnings per share of $0.10-$0.11. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $37 million, net income of $3.62 million and EPS of $0.12 for third quarter of 2013.  Full Article

Pros Holdings Inc Issues Q2 2013 Revenue Guidance Above Analysts' Estimates; Issues Q2 2013 Mixed Earnings Guidance
Thursday, 2 May 2013 04:01pm EDT 

Pros Holdings Inc announced that for second quarter of 2013, it expects total revenue in the range of $34.8 million to $35.4 million, GAAP income from operations of $0.3 million and GAAP earnings per share at break even. Non-GAAP income from operations of $3.9 million to $4.5 million and non-GAAP earnings per share (EPS) of $0.09 to $0.11 for the second quarter of 2013, which excludes estimated non-cash share-based compensation charges of approximately $4.2 million for the second quarter of 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $34 million, net income of $3.29 million and EPS of $0.12 for second quarter of 2013.  Full Article

Gates Corporation Selects Pros Holdings Inc's Big Data Applications to Improve Sales Effectiveness
Tuesday, 23 Apr 2013 08:00am EDT 

Pros Holdings Inc announced Gates Corporation has chosen PROS big data applications to support sales effectiveness and rebate management for its automotive and industrial replacement markets in Europe and the United States. The transaction was closed in the first quarter of 2013.  Full Article

Pros Holdings Inc Issues Q1 2013 Guidance Above Analysts' Estimates
Tuesday, 12 Feb 2013 04:01pm EST 

Pros Holdings Inc announced that for the first quarter of 2013, it anticipates, total revenue in the range of $32.7 million to $33.3 million, GAAP income from operations of $0.3 million to $0.9 million and GAAP earnings per share of $0.05 to $0.06. GAAP earnings per share includes a tax benefit of approximately $1.1 million related to the 2012 R&E tax credit recorded in the first quarter 2-13. Non-GAAP income from operations of $3.4 million to $4.0 million, which excludes estimated non-cash share-based compensation charges of approximately $3.1 million for the first quarter of 2013 and Non-GAAP earnings per share, which includes the full impact of the 2012 R&E tax credit recorded in the first quarter, is expected to be $0.12 to $0.14 for the first quarter of 2013. Excluding the 2012 R&E tax credit, non-GAAP earnings per share is expected to be $0.08 to $0.10 for the first quarter of 2013. On a non-GAAP basis there will be essentially no tax provision in the quarter. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $32.0 million, net income of $2.9 million and EPS of $0.10 for the first quarter of 2013.  Full Article

BRIEF-Pros Holdings launches squeeze-out for outstanding Cameleon Software shares

* Says Pros Holdings launches squeeze-out for outstanding Cameleon Software shares

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