Software shares jump 50% nearly matching Silver Lake's offer

Software AG

24/04/2023 08:34

(Updates share move, adds details about the offer price,
milestone)
    ** Shares of Software  SOWGn.DE  skyrocket almost 50% after
private equity firm Silver Lake offered to buy the German
software developer for 2.2 billion euros ($2.42 billion) 
    ** By 0729 GMT the stock jumped to 29.92 euros, nearly
matching the offer price of 30 euros per share
        ** The stock hits over 9-month highs and excluding
today's rise is up 23.45% YTD
  
        ** If gains hold, it will see its best day ever
  


 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))