MASTERCARD, INC.

(MA)
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Delayed Nyse  -  04:00 2022-07-01 pm EDT
318.24 USD   +0.87%
11:06aMastercard, Ecobank Group to Digitise Agricultural Value Chains in Africa
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10:54aMizuho Securities Adjusts Mastercard's Price Target to $375 from $435, Keeps Buy Rating
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06/30Truist Securities Adjusts Mastercard's Price Target to $420 From $450, Keeps Buy Rating
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Mastercard : to Buy Wameja for $126 Million; Wameja Shares Jump

09/10/2020 | 05:14am EDT

By Sabela Ojea

 

Shares in Wameja Ltd. rose in early trade Thursday after the company said that it has agreed to a 96.9 million-pound ($126 million) takeover by Mastercard Inc. through its subsidiary Burst Acquisition Co. Pty. Ltd.

Accepting Wameja shareholders will get 8 pence a share, a 39% premium to its closing share price of 5.75 pence in London on Wednesday. Wameja shares in London at 0845 GMT were up 1.80 pence, or 31%, at 7.55 pence.

The payment-solutions provider---which is a joint-venture partner with Mastercard Inc. in the Homesend cross-border transfer network--said that the deal is unanimously recommended by the board.

The deal also has the support of Lombard Odier Asset Management (Europe) Ltd. which owns 23.5% of Wameja's issued share capital.

The takeover is conditional upon a number of approvals, including the Australian Foreign Investment Review Board and the National Bank of Belgium.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

Stocks mentioned in the article
ChangeLast1st jan.
MASTERCARD, INC. 0.87% 318.24 Delayed Quote.-10.22%
All news about MASTERCARD, INC.
11:06aMastercard, Ecobank Group to Digitise Agricultural Value Chains in Africa
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10:54aMizuho Securities Adjusts Mastercard's Price Target to $375 from $435, Keeps Buy Rating
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06/30Truist Securities Adjusts Mastercard's Price Target to $420 From $450, Keeps Buy Rating
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06/28Mastercard and Paysafe Deepen Global Collaboration with Integration of Mastercard Send
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06/24MASTERCARD : 2022 Annual Meeting of Stockholders Q&A
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06/24MASTERCARD INC : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submissi..
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06/24Declaration of Voting Results by Mastercard Incorporated
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Analyst Recommendations on MASTERCARD, INC.
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Financials (USD)
Sales 2022 22 131 M - -
Net income 2022 10 150 M - -
Net Debt 2022 1 508 M - -
P/E ratio 2022 30,4x
Yield 2022 0,62%
Capitalization 310 B 310 B -
EV / Sales 2022 14,1x
EV / Sales 2023 11,7x
Nbr of Employees 24 000
Free-Float 61,2%
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Technical analysis trends MASTERCARD, INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 38
Last Close Price 318,24 $
Average target price 428,88 $
Spread / Average Target 34,8%
EPS Revisions
Managers and Directors
Michael E. Miebach President, Chief Executive Officer & Director
Sachin J. Mehra Chief Financial Officer
Merit E. Janow Independent Non-Executive Chairman
Edward McLaughlin Chief Information Officer
Timothy H. Murphy Chief Administrative Officer
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