Merger and Acquisition #13: Check Point Software Technologies Ltd.
The 13th potential take over target for the cash-rich big tech companies according to Bloomberg BusinessWeek is Check Point Software Technologies Ltd (NASDAQ:CHKP), an Israel based security solution provider. The security company tried to purchase Sourcefire(NASDAQ:FIRE) in 2005 but failed due to Us.S objection. So if HP and Dell, two possible buyers for Check Point, try to buy the security company there could be possible opposition from Israel government.
Shares of Check Point Software Technologies have rose almost 140% for the past two year from $18 per share from $18 in December 2008 to $43.5 in November 2010. The company has been getting consecutive revenue and profit increase for the past three years. With $9 billion in market cap, Check Point Software may not be an easy target to swallow especially with the political challenge from government of Israel.
Shares of Check Point Software Technologies have rose almost 140% for the past two year from $18 per share from $18 in December 2008 to $43.5 in November 2010. The company has been getting consecutive revenue and profit increase for the past three years. With $9 billion in market cap, Check Point Software may not be an easy target to swallow especially with the political challenge from government of Israel.
posted by Stock Geek at
11:08 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home