Brief: Simcorp Receives Takeover Offer

SIMCORP A/S

27/04/2023 07:21

April 27 (Reuters) - Simcorp A/S  SIM.CO :
    * SIMCORP RECEIVES TAKEOVER OFFER
    * PRICE OF OFFER IS DKK 735.0 IN CASH FOR EACH SHARE OF
NOMINALLY
DKK 1.0 IN SIMCORP
    * OFFER PRICE OF DKK 735.0 REPRESENTS:* A PREMIUM OF 38.9%
COMPARED TO CLOSING SHARE PRICE OF DKK 529.0 ON NASDAQ
COPENHAGEN ON 26 APRIL 2023
    * BOARD OF DIRECTORS OF SIMCORP HAS UNANIMOUSLY DECIDED THAT
IT
INTENDS TO RECOMMEND THAT SHAREHOLDERS OF SIMCORP ACCEPT OFFER
    * DEUTSCHE BÖRSE WILL MAKE AN ALL-CASH VOLUNTARY RECOMMENDED
PUBLIC TAKEOVER OFFER TO ACQUIRE ALL OF ISSUED AND OUTSTANDING
SHARES (EXCEPT TREASURY SHARES) IN SIMCORP
    * CONSIDERATION IN OFFER WILL BE PAID IN CASH AT COMPLETION
    * DEUTSCHE BÖRSE EXPECTS COMPLETION OF OFFER IN Q3 2023

Source text for Eikon:  ID:nWkr7cqZzp 
Further company coverage:  SIM.CO 

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