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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Deutsche Boerse Ag Namen Akt (PK) | USOTC:DBOEF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 8.65 | 3.97% | 226.6547 | 219.57 | 233.20 | 226.6547 | 224.07 | 224.07 | 75 | 21:29:04 |
From Nov 2022 to Nov 2024
By Sarah Sloat
Deutsche Boerse SE said Thursday it would make a voluntary takeover offer for Danish software company SimCorp AS for a total 3.9 billion euros ($4.31 billion).
The all-cash offer of DKK735 ($108.86) per share represents a 38.9% premium over the closing price of DKK529, and a 45.3% premium over the three-month volume-weighted average price of DKK505.73 as of April 26, the company said. The offer excludes treasury shares.
"The combination of SimCorp's highly complementary business offering with Deutsche Boerse's Data & Analytics businesses will create a full scope front-to-back investment management solutions platform," Deutsche Boerse said.
The Board of Directors of SimCorp unanimously resolved to recommend the shareholders of SimCorp to accept the Offer, according to Deutsche Boerse.
Deutsche Boerse said it secured a bridge facility to finance the offer.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
April 27, 2023 02:42 ET (06:42 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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