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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.
News For SAP;SFSF From The Last 14 Days
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February 3, 2016
07:21 EDTSAPSAP to pay $3.9M settlement to SEC over Panama bribery charges, Reuters says
SAP will pay almost $3.9M to settle SEC charges related to a former executive's scheme to bribe Panama government officials in an effort to win technology contracts, Reuters reports. The SEC said that SAP's internal controls let Vicente Garcia, former vice president of global and strategic accounts responsible for Latin America sales, to pay $145,000 in bribes to a top Panamanian government official and offer bribes to two others in order to win contract orders, the report says. Reference Link
January 27, 2016
15:19 EDTSAPSAP to hold a capital markets day meeting
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January 26, 2016
09:03 EDTSAPSAP and Lenovo sign agreement to develop cloud solutions in China
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