Deutsche Borse : Acquisition of SimCorp should be a good strategic fit
>All cash offer for SimCorp - Deutsche Börse announced that it will make a friendly all cash offer to acquire SimCorp for about € 3.9bn. The offer implies a premium of 45.3% over the 3 months VWAP share price of DKK 505.7 as of 26 April 2023. Minimum acceptance threshold of 50% plus one share. The start of tender expected in May 2023, expected closing in Q3 2023. SimCorp’s Board of Directors intends to unanimously recommend the offer to the shareholders and have ente...Deutsche Boerse is a financial services provider. Co.'s segments include Eurex, which comprises areas such as T7 electronic derivatives market trading platform, T7 electronic options trading platform, and Eurex Repo® over-the-counter trading platform; Xetra, which comprises areas such as cash market, the Specialist trading, and Eurex Bonds® OTC trading platform. Clearstream, which comprises custody and settlement services, securities financing services and collateral management, and investment funds services; and Market Data + Services, which comprises areas such as Distribution of licenses for real-time trading and market signals, and development and sales of indices.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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