SAP Reportedly Under Investigation by DOJ for Price-Fixing, Stock Down
SAPSAP(SAP) ZACKS·2024-09-26 21:51

SAP SE (SAP) , along with Carahsoft Technologies, is being investigated by U.S. officials for conspiring to overcharge government agencies, according to a Bloomberg report. Following this development, shares of SAP fell 3.3% and closed yesterday's trading session at $223.29. Citing federal court records filed in Baltimore, Bloomberg added that since 2022, the Department of Justice's ("DOJ") attorneys have been investigating whether SAP colluded with Carahsoft to fix prices on sales to the military and other ...