Deutsche Boerse to Complete Takeover of SimCorp
20 Settembre 2023 - 2:22PM
Dow Jones News
By David Sachs
Deutsche Boerse said it received positive support for its
friendly takeover offer of SimCorp and will move ahead with the
buyout.
The German exchange operator said on Wednesday that its all-cash
voluntary takeover of the Danish software company received
preliminary acceptances of around 91% of share capital and voting
rights, and that it will complete the mandated acquisition of
remaining shares.
The deal is worth $4.3 billion, the Wall Street Journal reported
in April. Investors use SimCorp software to track stocks, bonds and
other securities, and the acquisition will give Deutsche Boerse
more presence in data and analytics.
Deutsche Boerse said it will report the final result of the
offer by Sept. 22.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
September 20, 2023 08:07 ET (12:07 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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