Deutsche Boerse extends SimCorp takeover offer as it awaits regulators (updated)

SIMCORP A/S

07/07/2023 07:58

(Updates with details throughout)
       FRANKFURT, July 7 (Reuters) - Deutsche Boerse  DB1Gn.DE 
said on Friday that it was extending an offer period to
shareholders for its takeover of the Danish investment
management software company SimCorp  SIM.CO  as it awaits
European Union regulatory approval.
    The German exchange operator has extended the offer to
August 3 from an original July 13, and it said it expected a
further extension after that.
        Management at Deutsche Boerse has touted the 3.9 billion
euro ($4.25 billion) deal as key to its future strategy. 
  
        Deutsche Boerse said it had received approval from
authorities in the United States, Denmark and Italy.
  
        "The remaining filing process with the EU commission is
on track," Deutsche Boerse said. 
  


($1 = 0.9184 euros)

 (Reporting by Tom Sims, Editing by Friederike Heine)
 ((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))