Deutsche Boerse drops after it offers to buy SimCorp

SIMCORP A/S

27/04/2023 08:35

** Shares in Deutsche Boerse  DB1Gn.DE  drop around 6% after
the German exchange operator launched EUR 3.9 bln ($4.31 bln)
takeover offer for Danish software company SimCorp SA  SIM.CO  
    ** Deutsche Boerse made an all-cash voluntary recommended
public takeover offer to acquire all SimCorp shares at 735
Danish crowns per share
    ** The company says it aims to boost growth by increasing
the range of products and services offered to customers
    ** By 0734 GMT, SimCorp stock jumped 38.9% to 734 Danish
crowns, nearly matching the offer price, on track for the best
day ever
    ** Deutsche Boerse shares are at the bottom of the German
blue-chip index  .GDAXI , set for worst day in almost 3 years 
    
    ($1 = 0.9046 euros)

    ($1 = 6.7405 Danish crowns)