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Stock Market & Financial Investment News

News Breaks
February 23, 2012
07:01 EDTSFSF, SAPSAP completes acquisition of SuccessFactors
SAP (SAP and SuccessFactors (SFSF) announced that SAP has completed the acquisition of SuccessFactors. The acquisition was completed via a short-form merger under Delaware law pursuant to which Saturn Expansion Corporation, an indirectly wholly owned subsidiary of SAP, was merged with and into SuccessFactors, with SuccessFactors surviving the merger as a wholly owned subsidiary of SAP America, Inc., the U.S. operating subsidiary of SAP AG. As a result of the merger, all outstanding shares of SuccessFactors that were not tendered into the previously completed tender offer were converted into the right to receive $40 per share in cash without interest and subject to any required withholding of taxes, the same consideration paid to stockholders in the tender offer.
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