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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Successfactors Common Stock | NYSE:SFSF | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 39.99 | 0.00 | 01:00:00 |
SAP AG (SAP, SAP.XE) on Friday began its roughly $3.4 billion acquisition of SuccessFactors Inc. (SFSF), outlining a tender offer that will last until Jan. 18 at 5 p.m. EST.
SAP has said the deal will significantly accelerate its cloud applications, platforms and infrastructure technology.
The $40 per-share offer for all outstanding SuccessFactors shares represents a 52% premium over the closing share price earlier this month, before the company disclosed the deal.
The transaction will be funded from SAP's cash on hand and a EUR1 billion term loan facility.
SAP's American depositary shares closed at $54.61 Friday, while SuccessFactors closed at $39.88. Both stocks were inactive after hours.
-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com
1 Year Successfactors Common Stock Chart |
1 Month Successfactors Common Stock Chart |
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