SAP gets OK from European regulators for $5.8 billion Sybase acquisition
By APTuesday, July 20, 2010
SAP gets European OK for Sybase takeover
NEW YORK — German business software maker SAP AG said Tuesday that European regulators have approved its $5.8 billion takeover of U.S. database software maker Sybase Inc.
SAP said clearance from the European Commission was the final regulatory hurdle.
The company has extended the deadline on its tender offer of $65 per share several times while it waited for the OK. The offer now expires at 9 p.m. on July 26.
SAP shares shed 43 cents, or 0.9 percent, to $47.82.
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