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SAP – Friendly Takeover of SAF AG Successful

Friday, September 4, 2009

SAP AG today announced that the company acquired the majority shareholding in SAF Simulation, Analysis and Forecasting AG (SAF), one of the global forecasting and replenishment software leaders in the retail and wholesale industries. By the end of the acceptance period on August 28, 2009, SAP’s offer was accepted for 3,168,205 shares in SAF. In addition, SAP acquired 328,046 SAF shares on the stock exchange since the beginning of the acceptance period and now holds 3,496,251 SAF shares in total. This corresponds to approximately 63.12 percent of the share capital and the voting rights of SAF. With clearance of the offer by the German Federal Cartel Office on August 4, 2009, and by obtaining the minimum acceptance level of 50 percent of the share capital plus one share, all conditions specified for this offer have been met so that the further execution can occur as scheduled. SAF shareholders who have not yet accepted the offer of EUR 11.50 per share can do so during the extended acceptance period from September 4-18, 2009, concluding at 24:00 hours CET.

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

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