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SAP Extends Offer to Acquire Sybase, Inc.

Monday, July 19, 2010

SAP today announced that its indirectly wholly-owned subsidiary, Sheffield Acquisition Corp., has extended the expiration of its cash tender offer for all outstanding shares of common stock of Sybase, Inc., at a price of $65.00 per share, to 9:00 p.m., New York City time, on July 26, 2010, unless further extended. The tender offer was previously scheduled to expire at 9:00 p.m., New York City time, on July 16, 2010. The tender offer is being made pursuant to an Offer to Purchase, dated May 26, 2010, as amended, and in connection with the Agreement and Plan of Merger, dated May 12, 2010, by and among SAP America, Inc., Sheffield Acquisition Corp. and Sybase, which SAP and Sybase announced on May 12, 2010.

Article sourced from www.prnewswire.com, click here to read full story.

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