Silver Lake waives majority stake requirement for Software AG offer

Industry:    2023-06-14

Silver Lake will no longer make its 2.36 billion euro offer to invest in Germany’s Software AG conditional on the private equity firm acquiring more than 50% of the shares, according to a mandatory disclosure issued on Tuesday.

By midday on Tuesday, the investor had only secured 30.5% of shares, despite support from Software AG’s management.

By waiving the 50% threshold condition, the offer is automatically extended by two weeks until June 28.

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