Germany's Software AG agreed Thursday to buy WebMethods (WEBM Quote) for $9.15 a share, or $546 million.
The deal offers WebMethods shareholders a 25% premium to Wednesday's closing price. Software AG said it expects to recognize synergies through both revenue enhancement and cost savings. "We expect this transaction to be strongly accretive to Software AG's operating earnings from 2008 onward," said Software AG's CFO Arnd Zinnhardt. "Software AG looks forward to bringing our demonstrated track record for growth and profitability to the combined company." WebMethods rose $1.88 to $9.16.- Loading Comments...
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