CHS shares tumbled 24 per cent on Wednesday, following fears that its would fail to complete its proposed acquisition of Vobis, the German assembler-retailer.
'Computer Reseller News' US cites "reports in the German press" which reveal that Vobis owner Metro, is considering selling off Vobis subsidiary Max Data via an initial public offering.
Claudio Osorio, CHS chairman and chief executive, last month reportedly told analysts and investors that the company would close the Vobis deal by the end of September. With the deal still not completed, US analysts are questioning CHS's ability to raise the necessary capital.
Jeff Matthews, general partner at RAM Partners LP, a US investment firm, described CHS as "one big acquisition machine. If the acquisitions stop, the train goes off the track," he told CRN.
A CHS European official declined to commment on the CRN story, while pointing out that the company had "never failed to complete an acquisition yet". CHS shares closed Wednesday at $6, compared with a 52-week high last October of $30.75.
We sacrificed our weekend to try out the new Vikendi map coming to PUBG - and rather liked it
12 of the 32 stars observed feature rings and gaps that are usually carved by planets in the process of formation
The experiment is currently underway at South Korea's Yangyang Underground Laboratory
Exoplanet HAT-P-11b is located about 124 light years from Earth