Software - Silver Lake intends to acquire remaining shares in Software AG
The US technology investor Silver Lake wants to delist Darmstadt-based Software AG from the stock exchange as planned. In the course of a delisting offer, the remaining minority shareholders are to receive 32 euros per share, the special purpose company Mosel Bidco, which was founded for the takeover, announced in Munich on Monday. The bid thus corresponds exactly to the unit price that Silver Lake has already paid for the takeover of almost 85 percent of Software AG shares. According to the software provider's website, Silver Lake has now increased its stake to more than 93 percent. According to Mosel Bidco, the delisting offer will not contain any closing conditions. The acceptance period is four weeks.
Also on Monday, Software AG announced an agreement to sell webMethods and StreamSets - its Super iPaaS business - to tech giant IBM. The purchase price amounts to 2.1 billion euros. According to the company, Super iPaaS is an AI-supported integration platform that brings together programming interfaces, applications and data, among other things.
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The Software AG, based in Darmstadt, Germany, has entered an agreement to sell its Super iPaaS business, webMethods and StreamSets, to the tech giant IBM for a sum of 2.1 billion euros. Silicon Valley firm Silver Lake, which already holds over 93% of Software AG shares, originally intends to delist the company from the stock exchange and offer the remaining minority shareholders 32 euros per share. This offer, made by the special purpose company Mosel Bidco, will be made in Munich and does not contain any closing conditions, with an acceptance period of four weeks.
Source: www.stern.de
