TechTaffy

Informatica Proposes $104M Takeover Of Heiler

[Techtaffy Newsdesk]

Informatica has made an offer to acquire all outstanding shares of German-listed Heiler Software through its indirect wholly-owned subsidiary Informatica Deutschland, for roughly $104 million (80.8 million euros.)

Sohaib Abbasi (Chairman and CEO, Informatica):   The combination would deliver unique value to analyze relationships between products, customers, vendors and locations to optimize multi-channel commerce.

The offer price represents a premium of approximately 147 percent compared to the XETRA closing price of Heiler Software shares on September 28, 2012, says Informatica.

The completion of the takeover offer is subject to a minimum acceptance level of 67.5 percent of the outstanding shares (excluding treasury shares) and certain other offer conditions.

[Image Courtesy: Heiler Software]

Categories:   Corporate News

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