May 04, 2023 | Technology | Europe | Ended

SimCorp / Deutsche Boerse: Deal Insights

Deutsche Boerse announced on 27-Apr-23 that it has agreed to pay €3.9bn to buy Danish financial software company SimCorp, as it looks to bolster its data and analytics business. In a statement, the German stock exchange operator confirmed it would offer DKK 735 per share through a voluntary takeover offer under Danish law, representing a 38.9% premium to SimCorp’s closing price on 26-Apr-23. The target board intends to unanimously recommend that shareholders accept the offer and has irrevocably undertaken to accept it, subject to any restrictions under their remuneration policy or incentive programme. The board’s decision is supported by a fairness opinion received from its financial advisor, Credit Suisse. The offer is conditional on a minimum acceptance condition of ...

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