Big Software AG investor further backs Silver Lake bid

Software AG

12/05/2023 16:16

MUNICH, May 12 (Reuters) - Software AG Foundation, the
largest shareholder in German business software developer
Software AG  SOWGn.DE , said on Friday that it continues to
support private equity firm Silver Lake Management's offer to
buy the company. 
    The foundation's management is "convinced that Silver Lake
is the right long-term partner" for Software AG, it said in a
statement, adding that it would only support Silver Lake's
activities to develop the business of Software AG.

 (Reporting by Alexander Huebner; writing Tom Sims; Editing by
Louise Heavens)
 ((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))