Software thrives on Silver Lake's offer

Software AG

24/04/2023 07:06

** Shares of Software  SOWGn.DE  skyrocket 46% in early
trade after private equity firm Silver Lake offered to buy the
German software developer 
    ** The offer price of 30 euros per share values the company
at 2.2 billion euros ($2.42 billion) and represents a premium of
53% to the company's closing price of 19.59 euros on Thursday
    ** The stock tops the German mid-caps index  .MDAXI  

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