WALLDORF (Dow Jones) – Software group SAP has extended the deadline of its takeover offer for US-based Sybase , at least ten working days. In addition, it could be necessary to extend the tender offer for additional periods of time , informed the Walldorf DAX Group on Wednesday. (Photo : SAP)
Background of the extension is that SAP until the expiry of the takeover bid with the completion of the preliminary examination procedure of the EU expects to examine the transaction under antitrust law . Originally, the offer by 1 July run .
In the U.S., SAP has received antitrust clearance for the proposed acquisition of U.S. company already . The Mutual Group had announced in May, to purchase the Sybase Inc for 65 per share in full. The offer values Sybase with 5.8 billion USD.
Web sites: www.sap.com
DJG / jhe / sha / sh