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SFSF Successfactors Common Stock

39.99
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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's Tender Offer For SuccessFactors Seen Closing Jan. 18

16/12/2011 10:44pm

Dow Jones News


Successfactors Common Stock (NYSE:SFSF)
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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 
 

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1 Year Successfactors Common Stock Chart

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1 Month Successfactors Common Stock Chart

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