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.
AMD's Zen chip roll-out continues with the focus on high-power embedded applications
And becomes the team's executive chairman to boot
'Whatever the causes of political polarisation today, it is not social media or the internet,' claims Dr Grant Blank
Tesla founder leaves OpenAI group - while Valve Software's Gabe Newell joins