SAP's Executive And Supervisory Boards and The Board Of Directors Of WalkMe Approved The Transaction For $14.00 Per Share In An All-cash Transaction, Representing An Equity Value Of Around $1.5B
Portfolio Pulse from Benzinga Newsdesk
SAP's Executive and Supervisory Boards and the Board of Directors of WalkMe have approved a transaction where SAP will acquire WalkMe for $14.00 per share in an all-cash deal, valuing WalkMe at approximately $1.5 billion.
June 05, 2024 | 9:15 am
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POSITIVE IMPACT
SAP's acquisition of WalkMe for $14.00 per share in an all-cash transaction valued at $1.5 billion has been approved by both companies' boards.
The acquisition of WalkMe is likely to enhance SAP's product offerings and market position, which could positively impact SAP's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
WalkMe's Board of Directors has approved the acquisition by SAP for $14.00 per share in an all-cash transaction, valuing the company at $1.5 billion.
The acquisition price of $14.00 per share represents a premium for WalkMe shareholders, likely leading to a positive short-term impact on WalkMe's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100