Deutsche Börse has completely taken over the Danish software company Simcorp.
The remaining minority shareholders were squeezed out as planned, as a spokesman for the DAX group announced on Tuesday upon request. The deal is scheduled to be formally concluded this Thursday (November 2nd).
Deutsche Börse initially secured around 94 percent of Simcorp shares as part of a takeover offer. At the beginning of October, the Frankfurt market operator announced that it would exercise its right to acquire all Simcorp shares from the remaining shareholders. 735 Danish kroner (a good 98 euros) should be paid per share certificate.
Deutsche Börse gave the Simcorp minority shareholders a deadline up to and including October 30th. At the same time, trading in Simcorp shares ended at the end of Monday.
At the beginning of April, Deutsche Börse announced that it wanted to take over Simcorp for 3.9 billion euros. The offer to Simcorp shareholders had been extended several times. With the acquisition, Deutsche Börse wants to strengthen its data business and make itself more independent of fluctuations on the financial markets.
Via XETRA, Deutsche Börse shares temporarily gained 0.38 percent to 156.55 euros.
/ben/DP/e.g
FRANKFURT (dpa-AFX)
Selected leverage products on Deutsche Börse
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the leverage you want and we will show you suitable open-end products on Deutsche Börse
The leverage must be between 2 and 20
Advertising