Blog: Shawn Rogers

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SAP to Acquire Business Objects

We first broke the story here on the Network on 9/15/07 when our French partner Philippe NIEUWBOURG tipped us off to local coverage in Paris. I am sure a lot will be written on this acquisition and I am still not sure how I feel about it so look for more on this from me as well.

Under the terms and conditions of the tender offer agreement, SAP will make a cash offer of € 42.00 per ordinary share and for American Depositary Shares (ADS) at the US$ equivalent based on the EUR/US$ exchange rate as of the settlement of the tender offers. The transaction volume taking into account the transaction costs will be slightly above €4.8 billion. The Business Objects board of directors has approved the tender offer agreement between the two companies and anticipates recommending the offer to its shareholders subject to fulfillment of certain regulatory requirements.

Here is a link to what Howard Dresner had to say about the merger last week.

Watch for more on this on Monday.

Tags: SAP, Business Objects, Howard Dresner, Business Intelligence, SaaS, Philippe NIEUWBOURG

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