SAP Set to Acquire Israel-based WalkMe in Deal Worth $1.5B
SAPSAP(SAP) ZACKS·2024-06-06 23:46

SAP SE (SAP) recently announced that it was set to acquire Israel-based WalkMe in an all-cash deal. The executive and supervisory boards of SAP along with the board of directors of WalkMe had approved the transaction for 14pershare(4514 per share (45% premium to WalkMe’s closing share price on Jun 4), bringing the total equity value to 1.5 billion. The acquisition subject to customary closing conditions and regulatory clearances is expected to close in the third quarter of 2024. The buyout is unlikely to have any mate ...