S&T AG: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Cloudeeva, Inc Signs Letter Of Intent With S&T AG Considering Voluntary Takeover Offer
Cloudeeva, Inc (Cloudeeva or the Company) and S&T AG (SANT) announced that they have signed a Letter of Intent. The terms of the Letter of Intent is the planned submission of a voluntary takeover offer to the shareholders of S&T AG by Cloudeeva. The submission of a voluntary takeover offer is dependent -- among other things -- on the positive completion of a due diligence by Cloudeeva. The due diligence has begun and planned to be concluded by January 2014. The Letter of Intent provides that the aggregate purchase price to be offered in the takeover offer for 100% of the shares of S&T will be EUR118 million, whereby the purchase price will be corrected (upwards or downwards) by Cloudeeva prior to the announcement if its intention to make the Offer to adequately consider S&T's consolidated financial results since December 31, 2012.
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