Brief: Software AG Says Signed Investment Agreement With Blitz 22-449, Holding Co Controlled By Funds Managed Or Advised By Silver Lake

Software AG

21/04/2023 23:11

April 21 (Reuters) - Software AG  SOWGn.DE :
    * SIGNED AN INVESTMENT AGREEMENT WITH BLITZ 22-449, A
HOLDING
COMPANY CONTROLLED BY FUNDS MANAGED OR ADVISED BY SILVER LAKE
TECHNOLOGY
    * IT WOULD IMPLY AN EQUITY VALUE OF SOFTWARE AG OF
APPROXIMATELY
EUR 2.2 BILLION
    * DOES NOT INTEND TO EFFECT CHANGES TO CURRENT HEADQUARTERS
AND
LOCATIONS OF COMPANY
    * MANAGEMENT BOARD, TAKEOVER COMMITTEE ARE HIGHLY SUPPORTIVE
OF
OFFER AND THEREFORE INTEND TO RECOMMEND OFFER
    * FOUNDATION WILL CONTINUE TO OWN 5 PERCENT OF SHARES
    * BLITZ ANNOUNCED AT AN OFFER PRICE OF EUR 30.00 PER SHARE
IN CASH
FOR ALL OUTSTANDING SHARES OF SOFTWARE AG

Source text for Eikon:  ID:nPex73SVPa 
Further company coverage:  SOWGn.DE 

 ((Reuters.Briefs@thomsonreuters.com;))