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Article: Software AG to Acquire webMethods, Inc.
- Article from:
- PR Newswire
- Article date:
- April 5, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Establishes Leadership in High Growth SOA / BPM Market
Major Step Towards Stated Goal of EUR 1 Billion Software Company
DARMSTADT, Germany and FAIRFAX, Va., April 5 /PRNewswire-FirstCall/ -- Software AG (TecDAX, ISIN DE 0003304002 / SOW), Europe's largest systems software and Service-Oriented Architecture (SOA) provider, and webMethods, Inc. , a leading business integration and optimization software company, today announced that they have entered into a definitive agreement for Software AG to acquire webMethods in a cash tender offer for $9.15 per share or approximately $546 million.
This transaction will significantly strengthen the combined ...