With the addition of Ariba, SAP will acquire the leader in cloud-based collaborative business commerce.
The transaction is expected to be accretive to SAP’s non-IFRS earnings per share in 2013. The transaction is expected to close in the third quarter of calendar year 2012, subject to Ariba stockholder approval, clearances by relevant regulatory authorities and other customary closing conditions. The transaction will be funded from SAP’s free cash and a €2.4 billion term loan facility. The per share purchase price represents a 20% premium over the May 21 closing price and a 19% premium over the one month volume weighted average price per share.
The Ariba board of directors has unanimously approved the transaction. The acquisition will combine Ariba’s successful buyer-seller collaboration network with SAP’s broad customer base and deep business process expertise to create new models for business-to-business collaboration in the cloud.
(Nasdaq: ARBA) today announced that SAP’s subsidiary, SAP America, Inc., has entered into an agreement to acquire Ariba, the leading cloud-based business commerce network, for $45.00 per share, representing an enterprise value of approximately $4.3 billion.
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