SUSE Soars After EQT Agrees Take Private at €2.7 Billion Value
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SUSE SA surged as much as 60% after buyout firm EQT AB said it will take the German software developer private.
EQT, which holds roughly 79% of SUSE, said late on Thursday it will pay €16 a share for the stock it doesn’t already own. SUSE has agreed to support the offer, which represents a 67% premium to its last closing price and values the company at €2.7 billion ($2.9 billion).