SAP: complets sale of Qualtrics shares
(CercleFinance.com) - SAP today announces the sale of its entire stake of 423 million shares of Qualtrics Internationalto Silver Lake Affiliates and the Canada Pension Plan Investment Board (CPP Investments) as part of their acquisition of Qualtrics.
At a purchase price of $18.15 in cash per share, the transaction values Qualtrics at approximately 12.5 billion dollars, representing a 73% premium to the 30-day average price prior to SAP's announcement that it was considering a sale. SAP's stake will therefore be acquired for approximately 7.7 billion dollars.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
At a purchase price of $18.15 in cash per share, the transaction values Qualtrics at approximately 12.5 billion dollars, representing a 73% premium to the 30-day average price prior to SAP's announcement that it was considering a sale. SAP's stake will therefore be acquired for approximately 7.7 billion dollars.
Copyright (c) 2023 CercleFinance.com. All rights reserved.