Brief: Software AG Says Supports Increased Silver Lake Offer

Software AG

04/05/2023 18:11

May 4 (Reuters) - Software AG  SOWGn.DE :
    * PTA-NEWS: SOFTWARE AG: SOFTWARE AG SUPPORTS INCREASED
SILVER
LAKE OFFER
    * INDEPENDENT TAKEOVER COMMITTEE OF SUPERVISORY BOARD
MEMBERS WAS
PUT IN PLACE FOLLOWING FIRST APPROACH FROM SILVER LAKE
    * SILVER LAKE AND COMPANY HAVE AGREED A HIGHER OFFER PRICE
TO
SOFTWARE AG'S SHAREHOLDERS OF EUR 32.00 PER SHARE
    * COMPANY DOES NOT INTEND TO ENTER INTO DISCUSSIONS WITH US
COMPETITOR WHICH HAS DELIVERED PRELIMINARY, NON-BINDING OFFER
    * TRANSACTION IS FULLY FUNDED WITH EQUITY AND DEBT FINANCING
IN
PLACE
    * CO NOTES MEDIA SPECULATION ABOUT OFFER AT EUR 34 PER
SHARE;
NON-BINDING OFFER WAS SUBJECT TO SPECIFIC CONDITIONS THAT WERE
NOT ACHIEVABLE

Source text for Eikon:  ID:nPexQR7Gda 
Further company coverage:  SOWGn.DE 

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