Deutsche Börse secures final regulatory approval for public takeover of SimCorp
Following the feedback from the European Commission on 23 August 2023, Deutsche Börse AG announces that it has received the last regulatory approval for its public takeover of the Danish SimCorp A/S.
Thus, Deutsche Börse affirms that the offer period for the cash offer expires on 19 September 2023 at 23:59 (CEST) but remains subject to a minimum acceptance level of 50 per cent plus one share of all SimCorp shares.
SimCorp shareholders who have not yet accepted the offer but wish to do so are encouraged to take action well before 19 September 2023 as the offer expires on that day. Certain institutions may have earlier deadlines for submission of the acceptance form. The offer is expected to be settled and thus completed on 29 September 2023 at the latest.
In April 2023, Deutsche Börse AG and SimCorp A/S entered into a binding agreement, pursuant to which Deutsche Börse AG will make an all cash voluntary recommended public takeover offer to acquire all of the shares (except treasury shares) in SimCorp A/S at a price of DKK 735.0 per share, adjusted for any dividends or other distributions paid by SimCorp A/S prior to completion of the offer, valuing the entire issued capital of SimCorp A/S at EUR 3.9 billion.
The offer price represents a 38.9 per cent premium and a 45.3 per cent premium to the closing share price of DKK 529.0 and 3-months volume-weighted average price of DKK 505.7 as of 26 April 2023, respectively.