TeamViewer AG : Early termination of sponsorship deals would add substantial value
>Activist shareholder demands immediate halt to sponsorship deals - In a letter sent to TeamViewer’s management, the activist shareholder Petrus Advisers, with a stake of just under 3%, said that the sponsorships of Manchester United and the Mercedes F1 racing team are “a sign of hybris and appalling judgment”, adding that it has been advocating for months in private, and would not tolerate the company spending more than € 70m on the sponsorships. Petrus demanded that...Teamviewer AG. TeamViewer AG is a Germany-based company engaged in the software development. The Company focuses primarily on the cloud-based technologies that enable online remote support and collaboration globally. The Company offers software solutions to remotely access and connect any computer, tablet, laptop, mobile device and Internet of Things (IoT) endpoint, such us industrial machines to allow remote control, management and monitoring of devices, as well as interaction and collaboration. Its product portfolio includes TeamViewer, TeamViewer Tensor, TeamViewer Pilot, TeamViewer loT, TeamViewer Remote Management, servicecamp and Bizz. The Company has offices in Europe, the United States and Asia Pacific.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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