Deutsche Boerse launches 3.9 bln eur bid for Denmark's Simcorp (updated)

SIMCORP A/S

27/04/2023 07:19

(Adds details)
       BERLIN, April 27 (Reuters) - Deutsche Boerse  DB1Gn.DE 
on Thursday launched a 3.9 billion euro ($4.31 billion) offer to
take over Danish software company Simcorp SA  SIM.CO , aiming to
boost growth by increasing the range of products and services
offered to customers.
    Shares in Deutsche Boerse were seen down 1.4% in pre-market
trade early Thursday.
    Deutsche Boerse will make an all-cash voluntary recommended
public takeover offer to acquire all Simcorp shares at a price
of 735.0 Danish crowns ($109.04) per share, a statement from the
German exchange operator said. 
        It had secured a bridge facility to fully finance the
offer, which will be refinanced by an optimal mix of existing
cash and debt capital market instruments.
  
        "The Board of Directors of SimCorp has unanimously
decided that it intends... to recommend that the shareholders of
SimCorp accept the Offer," the Danish company said in a
statement.
  

($1 = 0.9046 euros)


($1 = 6.7405 Danish crowns)

 (Writing by Rachel More)
 ((rachel.more@thomsonreuters.com;))