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Top related persons:
Silver Lake - 1 Silver - 1 Andy Youniss - 1 Christian Lucas - 1 Alexander Huebner - 1 Sarah Marsh - 1 Jonathan Oatis - 1
Top related locs:
BERLIN Sofware Silver
Top related orgs:
Rocket Software - 1 Software AG - 1 Rocket - 1 Bain Capital - 1 Software - 1 EMEA - 1 Thomson - 1

Search resuls for: "Christian Lucas"


2 mentions found


☆ Rocket gives up counteroffer for Software AG, sells stake to Silver Lake
  + stars: | 2023-06-19 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, June 19 (Reuters) - Rocket Software said on Monday it was giving up its counteroffer for Software AG (SOWGn.DE) and selling its stake in the company to U.S. financial investor Silver Lake instead. Silver Lake had in April announced a 2.4 billion euro ($2.62 billion) takeover bid for Software AG, prompting a counteroffer from Rocket Software which is owned by private equity firm Bain Capital. "Unfortunately, we were not successful in our efforts," Rocket Software chairman Andy Youniss said in a statement. Rocket would sell and transfer its entire stake of 10.02% in Software AG for 32 euros per share, the company said. Silver Lake said it had as such now secured 41% of shares in Software AG, noting its cash offer to other Software AG shareholders remained open until June 28.
Persons: Silver Lake, Silver, Andy Youniss, Christian Lucas, Alexander Huebner, Sarah Marsh, Jonathan Oatis Organizations: Rocket Software, Software AG, Rocket, Bain Capital, Software, EMEA, Thomson Locations: BERLIN, Sofware, Silver
☆ Silver Lake submits offer document for Software AG​
  + stars: | 2023-05-17 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, May 17 (Reuters) - Silver Lake officially submitted its offer document for Software AG (SOWGn.DE) on Wednesday, almost a month after announcing a 2.4 billion euro ($2.64 billion) takeover bid. In its offer document, Silver Lake reiterated that it intends to delist Software AG as soon as practically possible after the transaction. It has secured 30.1% of the share capital through a binding agreement with company founder Peter Schnell's Software AG Foundation, a charitable foundation and longstanding anchor shareholder, and through purchases on the stock exchange. Software AG's management and supervisory boards support Silver Lake despite Bain's higher offer, drawing criticism from minority shareholders at the company's annual general meeting on Wednesday. Software AG's chairman of the board of directors, Silver Lake partner Christian Lucas, was absent from the AGM which was run by an external lawyer.
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