Deutsche Boerse to Buy SimCorp in $4.3 Billion Software Push
- Transaction set to be biggest for German exchange operator
- SimCorp to be grouped with businesses that may see an IPO
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Deutsche Boerse AG will buy Danish financial software maker SimCorp A/S for about €3.9 billion ($4.3 billion) to expand its data and analytics business, in a deal poised to be the exchange operator’s biggest acquisition to date.
The German company will pay 735 kroner ($109) a share in cash, a 39% premium to Wednesday’s closing price, according to a statement. SimCorp said separately that its board recommends shareholders accept the offer.