Brief: Altair Engineering Required To Pay To Siemens One-Time Fee Equal To $372 Mln If Deal Terminated Under Certain Conditions
30/10/2024 21:56
Oct 30 (Reuters) - Altair Engineering Inc ALTR.O :
* ALTAIR ENGINEERING : REQUIRED TO PAY TO SIEMENS ONE-TIME
FEE
EQUAL TO $372.0 MILLION IF DEAL TERMINATED UNDER CERTAIN
CONDITIONS
* ALTAIR ENGINEERING INC: SIEMENS TO PAY CO $638.0 MILLION
IF DEAL
TERMINATED DUE TO FAILURE TO CLOSE IT BY END DATE, OTHER
CONDITIONS
Source text: ID:n0001193125-24-247631
Further company coverage: ALTR.O
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