WalkMe soars after SAP's $1.5 bln buyout deal

Walkme

05/06/2024 10:32

** Shares of software publisher co WalkMe  WKME.O  jump
42.3% to $13.72 premarket 
    ** German software co SAP  SAPG.DE  agrees to acquire WKME
for $14/shr in an all-cash transaction, representing an equity
value of $1.5 bln 
    ** Deal represents a premium of over 45% to WKME's last
close of $9.64 
    ** Israel-based WKME's market cap stands at $886.3 mln as of
last close 
    ** Acquisition expected to close in Q3 of 2024, subject to
regulatory approval 
    ** As of last close, WKME stock lost 9.6% so far this year

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))