SAP Concludes Buyout of Israel-Based WalkMe for $1.5 Billion
SAPSAP(SAP) ZACKS·2024-09-13 23:46

SAP SE (SAP) has acquired WalkMe Ltd. for approximately 1.5billion.Thisdealrepresentsanapproximate451.5 billion. This deal represents an approximate 45% premium to WalkMe's closing share price on June 4, 2024, the day when SAP and WalkMe agreed to the binding terms of the acquisition.Following the acquisition, each ordinary and outstanding share of WalkMe has been converted into the right for shareholders to receive 14.00 per share in cash, subject to adjustments. The completion of the acquisition has been officially reported to the Nasdaq stock ma ...