SAP, headquartered in Walldorf, Germany, a provider of reporting and enterprise resource planning software that is widely used in healthcare and other industries, has announced it intends to acquire database software developer Sybase, Dublin, Calif., for $65 per share in an all-cash offer valued at approximately $5.8 billion, according to the company announcement.
Additionally, Sybase runs a mobile-messaging service and provides a mobile applications platform that enables customers to access their records and data on the go. According to SAP, the union with Sybase will enable customer companies “to become better-run ‘unwired enterprises.’ ”
According to SAP, a closing on the deal depends on the tender of a majority of the outstanding shares of Sybase’s common stock “and clearance by the relevant antitrust authorities.” SAP said it is paying a 44% premium for Sybase shares compared with a three-month average share price.
