![]() ![]() ![]() Rocket Software owns shares amounting to around 10% in Software AG. Rocket Software's 34 euro offer price reflects a premium of 73.6% compared to the undisturbed closing share price on April 20, and if accepted would make it a major shareholder.Īs part of its improved offer terms, Rocket Software says that if Software AG's foundation and Silver Lake support the combination and are willing to sell their shares to offer a controlling stake, Rocket Software would increase its offer price to 36 euros, which would represent a premium of 83.8%. Rocket Software said its latest offer "would be a more compelling opportunity for Software AG's employees, customers, and other stakeholders, and will deliver a superior outcome for Software AG's shareholders." are in no position to consider it," Software AG said in a statement on Tuesday evening, sticking by its support for another offer from private equity firm Silver Lake for 32 euros ($35.28) per share, which values the German company at 2.37 billion euros. "This is not a superior offer and the management board of Software AG. The non-binding offer from Rocket Software, which is backed by private equity firm Bain Capital, comes after a bidding war for the German software company emerged last week. May 9 (Reuters) - Rocket Software on Tuesday announced an improved offer for the acquisition of the entire share capital of Germany's Software AG (SOWGn.DE) at an initial offer price of 34 euros per share ($37.43).
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