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MarketScreener Homepage  >  Equities  >  Nyse  >  Mastercard Incorporated    MA

MASTERCARD INCORPORATED

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Mastercard : to Buy Wameja for $126 Million; Wameja Shares Jump

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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 INCORPORATED 0.51% 333.42 Delayed Quote.11.66%
WAMEJA LIMITED 3.70% 0.14 End-of-day quote.66.67%
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Financials (USD)
Sales 2020 15 633 M - -
Net income 2020 6 597 M - -
Net Debt 2020 491 M - -
P/E ratio 2020 50,8x
Yield 2020 0,45%
Capitalization 334 B 334 B -
EV / Sales 2020 21,4x
EV / Sales 2021 17,9x
Nbr of Employees 18 600
Free-Float 62,6%
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Technical analysis trends MASTERCARD INCORPORATED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 35
Average target price 361,16 $
Last Close Price 333,42 $
Spread / Highest target 24,5%
Spread / Average Target 8,32%
Spread / Lowest Target -18,4%
EPS Revisions
Managers
NameTitle
Ajaypal S. Banga Chief Executive Officer & Director
Michael E. Miebach President & Chief Executive Officer-Elect
Richard Neil Haythornthwaite Chairman
Edward McLaughlin President-Operations & Technology
Sachin J. Mehra Chief Financial Officer
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