Brief: Deutsche Boerse Says Simcorp Deal To Be Completed In Q3

SIMCORP A/S

25/05/2023 07:57

May 25 (Reuters) - DEUTSCHE BOERSE AG  DB1Gn.DE :
    * PUBLICATION OF OFFER DOCUMENT FOR THE ALL-CASH VOLUNTARY
RECOMMENDED PUBLIC TAKEOVER OFFER FOR SIMCORP A/S
    * DEUTSCHE BOERSE AG - DEUTSCHE BÖRSE WILL MAKE AN ALL-CASH
VOLUNTARY RECOMMENDED PUBLIC TAKEOVER OFFER TO ACQUIRE ALL OF
SHARES IN SIMCORP AT A PRICE OF DKK 735.0 PER SHARE
    * DEUTSCHE BOERSE AG - OFFER PRICE REPRESENTS A 38.9%
PREMIUM TO
CLOSING SHARE PRICE OF DKK 529.0 AND A 45.3% PREMIUM TO 3-MONTHS
VOLUME-WEIGHTED AVERAGE PRICE OF DKK 505.7 AS OF 26 APRIL 2023
RESPECTIVELY
    * DEUTSCHE BOERSE AG - MEMBERS OF SIMCORP'S EXECUTIVE
MANAGEMENT
BOARD AND BOARD OF DIRECTORS HAVE IRREVOCABLY UNDERTAKEN TO
ACCEPT OFFER OR OTHERWISE SELL THEIR SIMCORP SHARES TO DEUTSCHE
BÖRSE
    * DEUTSCHE BOERSE AG -  TRANSACTION IS EXPECTED TO BE
COMPLETED IN
THE THIRD QUARTER OF THIS YEAR

Source text for Eikon:  ID:nEQ5sZF0ra 
Further company coverage:  DB1Gn.DE 

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