Deutsche Börse’s final tender result for its public takeover of SimCorp has been announced today, with the company holding 93.97% of the share capital and voting rights in SimCorp upon completion of the acquisition.
Deutsche Börse entered into a binding agreement to acquire SimCorp in an all-cash public takeover in April, with the acquisition at the time expected to complete in Q3 2023.
SimCorp has been valued at $4.3 billion as part of the transaction. The minimum acceptance level is 50% plus one share of all SimCorp shares. SimCorp’s board of directors have previously unanimously recommended to shareholders that they accept the offer.
Once completed, Deutsche Börse has confirmed it will seek to have SimCorp shares removed from official listing on Nasdaq Copenhagen.
The company also plans to combine its existing data and analytics subsidiaries Qontigo and ISS. These are set to be grouped under a newly created investment management solutions segment.
Read more – SimCorp expands Dimension platform with Qontigo partnership
At the time the deal was announced, Theodor Weimer, chief executive of Deutsche Börse, said: “SimCorp A/S is a perfect fit strategically and culturally. It is one of the leading global investment management software providers, serving the largest asset managers and asset owners worldwide.”