SAP agrees 4.8b euro buyout of Business Objects
Tuesday, 9 October 2007
PARIS, Oct 8 (AFP): Germany's SAP, a world leader in business software, announced yesterday that it had agreed with France's Business Objects on a buy-out worth just over 4.8 billion euros (6.8 billion dollars).
"The Business Objects board of directors has approved the tender offer agreement between the two companies and anticipates recommending the offer to its shareholders subject to fulfillment of certain regulatory requirements," said a statement on the two companies' websites.
"The Business Objects board of directors has approved the tender offer agreement between the two companies and anticipates recommending the offer to its shareholders subject to fulfillment of certain regulatory requirements," said a statement on the two companies' websites.