Reuters logo
Informatica offers to buy Heiler Software for $104 mln
October 1, 2012 / 7:35 AM / 5 years ago

Informatica offers to buy Heiler Software for $104 mln

Oct 1 (Reuters) - Data-integration software maker Informatica Corp offered to buy all outstanding shares of Germany-based Heiler Software AG for about 80.8 million euros ($103.9 million).

The offer for 7.04 euros a share is a 147 percent premium to Heiler’s Friday closing price.

The takeover offer will be supported by a majority of Heiler’s shareholders, who have entered into irrevocable agreements to tender their shares, Informatica said.

The completion of the takeover offer is subject to a minimum acceptance level of 67.5 percent of the outstanding shares and certain other offer conditions.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below