(Reuters) - SAP AG said it would buy smaller software maker Ariba Inc for $45 a share, representing an enterprise value of about $4.3 billion, the latest in a string of acquisitions to help fuel revenue growth at the German technology company.
Ariba shares were about up about 19.2 percent to $44.88 on Nasdaq on Tuesday. Ariba shares had been halted prior to the announcement.
SAP (SAP.XE)said the transaction would be funded from its free cash and a 2.4 billion euro ($3.06 billion) term loan facility.
It said it expected the deal to close in the third quarter of this year.
Reporting by Jim Finkle in Boston Sayantani Ghosh in Bangalore; Editing by Viraj Nair and Carol Bishopric)
Relacionados
- Díaz de Villegas pide a Díaz que retire el recurso sobre su despido y ella le responde que espera que se confirme
- Miles de personas se manifiestan en contra de los recortes educativos
- Miles de personas se manifiestan en Madrid contra los recortes en educación como culminación de la jornada de huelga
- Brad Pitt se paseó por la alfombra roja de Cannes, sin Angelina Jolie
- Los pescadores podrán faenar con palangre mientras se resuelve el conflicto
