Mergers and Acquistions News
Categories: Software
September 9th 2009, 16:04PM
German business software solutions provider SAP AG has announced the acquisition of the majority shareholding in Swiss firm SAF Simulation, Analysis and Forecasting AG.
SAP's offer was accepted for 3,168,205 shares in SAF, while SAP additionally acquired 328,046 SAF shares on the stock exchange and now holds 3,496,251 SAF shares in total.
The stock acquisitions correspond to approximately a 63.12 per cent of the share capital and voting rights of SAF.
An extended acceptance period lasting until September 18th will allow SAF shareholders to accept the offer of €11.50 (£10.12) per share.
Core components of the SAF software have already been embedded into SAP's retail solutions since 2002, while the takeover of the majority shareholding is expected to enhance the innovative power of both companies.
SAP was recently named the leader of the software sector of the Dow Jones Sustainability Indexes, which reviews 34 difference software companies, for the third consecutive year.
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)
- May 2011 (20)
- April 2011 (18)
- March 2011 (21)