Altair Signs Agreement To Be Acquired By Siemens For $10.6B
Portfolio Pulse from Benzinga Newsdesk
Altair has signed an agreement to be acquired by Siemens for $10.6 billion, with Altair stockholders receiving $113.00 per share in cash. This represents a 19% premium to the closing price before media speculation and a 13% premium to Altair's all-time high closing price.
October 30, 2024 | 8:36 pm
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Altair is set to be acquired by Siemens for $10.6 billion, with shareholders receiving $113 per share, a 19% premium over the recent closing price.
The acquisition by Siemens at a premium price is likely to drive Altair's stock price up in the short term as investors react to the favorable buyout terms.
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